{
  "url": "https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995/regulation-18",
  "json_url": "https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995/regulation-18.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/18",
  "kind": "regulation",
  "number": "18",
  "heading": "Credit ceiling of shadow authority",
  "text": "On the date on which a shadow authority come into existence—\n(a) the shadow authority shall be treated as having a credit ceiling of nil; and\n(b) for the purposes of paragraph 2 of Part II of Schedule 4 to the 1990 Regulations, the shadow authority’s credit ceiling on that day shall be treated as their adjusted initial credit ceiling.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Paragraph (2) of Part II of Schedule 4 to the 1990 Regulations was added by S.I. 1991/500."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/798/regulation/18",
    "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."
}