{
  "url": "https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995/regulation-14",
  "json_url": "https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995/regulation-14.json",
  "legislation": "uksi/1995/798",
  "legislation_title": "The Local Government Changes for England (Capital Finance) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995",
  "path": "regulation/14",
  "kind": "regulation",
  "number": "14",
  "heading": "Interpretation of Part",
  "text": "In this Part—\n“PCL” means the amount for the time being set aside by a local authority (whether voluntarily or pursuant to a requirement under Part IV of the 1989 Act) as provision to meet credit liabilities;\n“relevant amount” means, in relation to a credit arrangement and a participant authority, the amount determined in accordance with the formula in paragraph 7 of the Schedule to the Transfer of Property Regulations as that paragraph has effect subject to paragraph 1(3) of that Schedule; and\n“vesting day” means the day when rights and liabilities under a credit arrangement are vested as mentioned in regulation 3(4) above in another local authority.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1996/2826",
      "affecting_title": "The Local Government Changes for England (Capital Finance) (Amendment) Regulations 1996"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/798/regulation/14",
    "retrieved_at": "2026-10-29T13:12:44.507084+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}