# The Local Authorities (Capital Finance) Regulations 1997, Paragraph 7

Extent: E+W
Status: prospective

In order to calculate item “DI” in the formula in paragraph 6, the authority shall calculate for each relevant debt an amount equal to the percentage of the debt which was chargeable by way of interest on the debt on the date on which the debt was reduced or extinguished by a commuted payment.

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Source: https://www.legislation.gov.uk/uksi/1997/319/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.