# The Local Government Act 2003 (Commencement No. 1 and Transitional Provisions and Savings) Order 2003, Paragraph 17: Capital finance—Part 1 of the Act


Any credit arrangement—
(a) within the meaning of section 48 of the 1989 Act (credit arrangements);
(b) in existence immediately before 1st April 2004; and
(c) which, if it had been entered into on 1st April 2004, would be a credit arrangement within the meaning of section 7 of the Act (“credit arrangements”),
shall be treated as if it were a credit arrangement for the purposes of Chapter 1 of Part 1 of the Act (capital finance etc).

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Source: https://www.legislation.gov.uk/uksi/2003/2938/schedule/paragraph/17 (the official version)
Page: https://openlegislation.uk/local-government-act-2003-commencement-no-1-and-transitional-provisions-and-savings-order-2003/schedule/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.