# The Local Government Changes for England (Capital Finance) Regulations 1995, Regulation 26: Non-housing component of participant authority


(1) In this regulation—
“excluded non-housing arrangement” means an excluded arrangement which is a non-housing arrangement;
“non-housing arrangement” means a credit arrangement which is not a housing arrangement within the meaning of regulation 25 above;
“relevant day” means the last day of the financial year immediately preceding the financial year in which, in relation to any credit arrangement, the vesting day falls; and
“relevant non-housing arrangement” means a relevant arrangement which is a non-housing arrangement.
(2) Any reference in this regulation to the non-housing component of a participant authority shall be construed as a reference to that authority’s non-housing component on the relevant day.
(3) Where the rights and liabilities under a relevant non-housing arrangement are vested in a participant authority, or a participant authority and any other local authority or the Residuary Body jointly and severally, the participant authority’s non-housing component shall be adjusted by—
(a) adding to it an amount equal to the determined amount for the arrangement in question; and
(b) deducing from it an amount equal to the aggregate of T and U as determined for the arrangement in question.
(4) Where the rights and liabilities under an excluded non-housing arrangement are vested in a participant authority, or a participant authority and any other local authority or the Residuary Body jointly and severally, the participant authority’s non-housing component shall be adjusted by deducting from it an amount equal to the aggregate of R, T and U as determined for the arrangement in question.

---
Source: https://www.legislation.gov.uk/uksi/1995/798/regulation/26 (the official version)
Page: https://openlegislation.uk/local-government-changes-for-england-capital-finance-regulations-1995/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.