{
  "url": "https://openlegislation.uk/local-government-finance-act-northern-ireland-2011/section-17",
  "json_url": "https://openlegislation.uk/local-government-finance-act-northern-ireland-2011/section-17.json",
  "legislation": "nia/2011/10",
  "legislation_title": "Local Government Finance Act (Northern Ireland) 2011",
  "legislation_url": "https://openlegislation.uk/local-government-finance-act-northern-ireland-2011",
  "path": "section/17",
  "kind": "section",
  "number": "17",
  "heading": "“Credit arrangements”",
  "text": "(1) For the purposes of this Part, a council shall be taken to have entered into a credit arrangement where—\n(a) it enters into a transaction which gives rise to a liability on its part, and\n(b) the liability is a qualifying liability.\n(2) A transaction entered into by a council is to be taken for the purposes of subsection (1) as giving rise to a liability on the part of the council if—\n(a) it falls in accordance with proper practices to be treated for the purposes of the council's accounts as giving rise to such a liability, or\n(b) it falls in accordance with regulations to be treated as falling within paragraph (a).\n(3) The reference in subsection (1)(b) to a qualifying liability is to any liability other than—\n(a) a liability to repay money,\n(b) a liability in respect of which the date for performance is less than 12 months after the date on which the transaction giving rise to the liability is entered into, and\n(c) a prescribed liability.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 17-22 applied (with mods) (2.7.2013) by The Local Government (Statutory Transition Committees) Regulations (Northern Ireland) 2013 (S.R. 2013/179), regs. 1(1), 23, Sch. 3"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 17 wholly in operation at 1.4.2012; s. 17 not in operation at Royal Assent see s. 47(1); s. 17 in operation for certain purposes at 10.9.2011 otherwise 1.4.2012 by S.R. 2011/306, art. 2(1)(3), Sch."
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 17 in operation at 1.4.2012 in so far as not already in operation by S.R. 2011/306, art. 2(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nia/2011/10/section/17",
    "retrieved_at": "2026-10-29T20:20:53.404622+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."
}