# The Police Act 1997 (Provisions in relation to the NCIS Service Authority) Order 1998, Article G14: Basic credit approvals


(1) Subject to paragraph (5) below, before the beginning of each financial year, the Secretary of State shall issue to the Authority, in the form of a notice in writing, a credit approval with respect to the Authority’s credit arrangements and expenditure for capital purposes during that year.
(2) A credit approval issued under this article (in this Part referred to as a “basic credit approval”) may be nil but, subject to that, shall be expressed as an amount of money.
(3) A basic credit approval shall have effect only for the financial year in respect of which it is issued and may be limited by excluding from the purposes for which the approval may be used capital purposes of a description specified in the approval.
(4) Where by regulations made under section 53 of the 1989 Act the Secretary of State requires a basic credit approval to specify, directly or by reference to tables or other documents specified in the regulations, a period (referred to as the “amortisation period”) during which a local authority is required to set aside, from a revenue account, as provision to meet credit liabilities, amounts determined in accordance with the requirement then the like requirement shall apply to the Authority in relation to basic credit approvals issued under this article.
(5) In relation to the financial year beginning 1st April 1998 the Secretary of State shall issue a basic credit approval in respect of that year before 7th April 1998.

---
Source: https://www.legislation.gov.uk/uksi/1998/633/article/G14 (the official version)
Page: https://openlegislation.uk/police-act-1997-provisions-in-relation-to-the-ncis-service-authority-order-1998/article-G14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.