# The Local Authorities (Capital Finance) Regulations 1997, Paragraph 6

Extent: E+W
Status: prospective

Subject to paragraph 8, for the purposes of Part 2 of this Schedule, the amount of the authority’s interest savings for the current year shall be determined in accordance with the formula—
(D-MC)×DID where—
“D” and “MC” have the same meanings as in paragraph 4; and
“DI” is the aggregate of the amounts calculated in accordance with paragraph 7.

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Source: https://www.legislation.gov.uk/uksi/1997/319/schedule/2/paragraph/6 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/schedule-2/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.