Article 5
The Local Authorities (Capital Finance) Regulations 1990f1 ( “the 1990 Regulations”) shall apply to the Residuary Body as if all its provisions were omitted except for the following provisions:—
| Regulation 1 | (Citation, commencement and interpretation); |
| Regulation 2(1), (2), (3), (5), (6), (7) and (8) | (Expenditure to be expenditure for capital purposes); |
| Regulation 5 | (Interpretation (Credit arrangements)); |
| Regulation 6 | (Leases and contracts which are not credit arrangements); |
| Regulation 7 | (Initial and subsequent cost of leases); |
| Regulation 8 | (Variation of credit arrangements); |
| Regulation 22 | (Excluded credit arrangements); |
| Regulation 27 | (Interpretation of Part IV of the Local Government and Housing Act 1989f2). |
Regulation 27 of the 1990 Regulations shall have effect in relation to the Residuary Body as if in paragraph (1) after sub-paragraph (e) there were inserted the following sub-paragraph–
“(f)paragraph 11(1) of Schedule 13 to the Local Government (Wales) Act 1994, or an Order made under section 54 of that Act.”.
Annotations
Footnotes
- f1
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S.I. 1990/432; relevant amending instruments are S.I. 1991/500, 1992/1618, 1992/3257 and 1993/3054. By virtue of the Residuary Body for Wales (Capital Finance) Regulations 1995 (S.I. 1995/101), the Residuary Body is prescribed as a local authority for the purposes of Part IV of the Local Government and Housing Act 1989 (c. 42) as modified. S.I. 1990/432 therefore applies to the body, subject to the provisions of Article 5.
- f2