Article 3 Application of the Local Authorities (Capital Finance) Regulations

(1)

In relation to the transitional period, the Local Authorities (Capital Finance) Regulations 1990^f1 shall apply to a new authority as if regulations 23, 24, 25 and 26 of, and Schedules 4 and 5 to, those Regulations were omitted.

(2)

Part II of the Schedule to the Local Authorities (Capital Finance) (Approved Investments) Regulations 1990^f2 shall be amended by the insertion after “1. County councils.” of “1A. County borough councils.”.

Annotations

Footnotes

f1: S.I. 1990/432; relevant amending instruments are S.I. 1991/500 and 1993/520.
f2: S.I. 1990/426; amended by S.I. 1991/501.