# The Local Government Changes for England (Capital Finance) Regulations 1995, Regulation 16: PCL of participant authority


(1) Subject to paragraph (2), where a credit arrangement is treated by virtue of regulation 3 above as having been entered into by—
(a) a participant authority; or
(b) a participant authority and any other local authority or the Residuary Body jointly and severally, an amount equal to the relevant amount for that arrangement shall be added on the vesting day to the PCL of the participant authority in question.

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Source: https://www.legislation.gov.uk/uksi/1995/798/regulation/16 (the official version)
Page: https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.