{
  "url": "https://openlegislation.uk/local-government-reorganisation-wales-capital-finance-order-1996/note",
  "json_url": "https://openlegislation.uk/local-government-reorganisation-wales-capital-finance-order-1996/note.json",
  "legislation": "uksi/1996/633",
  "legislation_title": "The Local Government Reorganisation (Wales) (Capital Finance) Order 1996",
  "legislation_url": "https://openlegislation.uk/local-government-reorganisation-wales-capital-finance-order-1996",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nOn 1st April 1996 by virtue of the Local Government (Wales) Act 1994 the county and county borough councils created as a result of the 1994 Act will take over responsibility for the discharge of functions relating to local government in Wales from the county and district councils created as a result of the Local Government Act 1972. The new councils came into existence following their election on 4th May 1995 and, until the abolition of the existing councils on 1st April 1996, are preparing to take on their full functions. This Order makes supplementary and transitional provision in respect of capital finance controls.\nArticle 2 amends section 39 of the Local Government and Housing Act 1989 (“the 1989 Act”) to include Welsh combined fire authorities in the list of authorities subject to the revenue accounts and capital finance controls of Part IV of the 1989 Act.\nArticle 3 ensures that the new authorities will have sufficient time to determine their borrowing limits under section 45 of the 1989 Act, and relieves authorities to be abolished (“old authorities”) from that duty.\nArticle 4 provides that the register of loan instruments maintained under section 46 of the 1989 Act by an old authority, is to be treated as having been maintained as part of the register of the authority designated to close its accounts.\nArticle 5 enables later credit approvals issued to a successor authority to be taken into account in applying the provisions of section 57 of the 1989 Act (reduction of credit approvals on receipt of certain grants) to grants received by the old authority.\nArticle 6 empowers the Secretary of State to issue supplementary credit approvals to a designated authority for the purpose of its function of closing the old authority’s accounts.\nArticle 7 exempts certain payments by the Residuary Body for Wales to a new authority, from the provisions of the 1989 Act requiring proportions to be set aside for debt redemption.\nArticle 8 amends the Local Authorities (Capital Finance) Regulations 1990 to exclude from section 48 of the 1989 Act (credit arrangements) contracts for the transfer of land to an authority from the Residuary Body for Wales.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/633/note",
    "retrieved_at": "2026-10-29T12:49:25.673645+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."
}