# The Local Authorities (Capital Finance) Regulations 1997, Paragraph 4

Extent: E+W
Status: prospective

Subject to paragraph 5, where the authority’s adjusted credit ceiling on the last day of the last year was nil or a positive amount, the authority’s mimimum revenue provision savings for the current year shall be determined in accordance with the formula—
([D-MC]×4100)-H where
“D”, “H” and “MC” have the same meanings as in paragraph 3.

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Source: https://www.legislation.gov.uk/uksi/1997/319/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.