The Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003

1. Introductory Text

2. 1. Name, commencement, application and interpretation

3. PART 1 BORROWING

   1. 2. Code of practice

4. PART 2 CREDIT ARRANGEMENTS

   1. TRANSACTIONS WHICH ARE NOT CREDIT ARRANGEMENTS

      1. 3. Liabilities that do not arise from capital expenditure

      2. 4. Retirement benefits

5. CALCULATION OF COST OF CREDIT ARRANGEMENTS AND OTHER CONTROLS

   1. 5. Calculation of cost of credit arrangements

6. PART 3 CAPITAL RECEIPTS

   1. SUMS TO BE TREATED AS CAPITAL RECEIPTS

      1. 6. Repayment of loan etc. to a local authority

      2. 7. Disposal of mortgage portfolio

      3. 8. Payment made to redeem landlord’s share

   2. SUMS NOT TO BE TREATED AS CAPITAL RECEIPTS

      1. 9. Capital receipts not exceeding £10,000

   3. POOLING OF RECEIPTS

      1. 10. Pooling of receipts from disposals of housing land

      2. 9. (1) Subject to paragraph (4) for the purposes of paragraph...

      3. 11. Available capital allowance

      4. 12. Total capital allowance

      5. 13. Provision of affordable housing

      6. 14. Regeneration projects

      7. 15. Non-money receipts

      8. 16. Capital receipts reduced by costs of buying back dwellings

      9. 17. Capital receipts reduced by costs of buying back and improving dwellings

   4. MISCELLANEOUS

      1. 18. Use of capital receipts

7. PART 4 SUPPLEMENTARY

   1. 19. Guidance

   2. 20. Expenditure to be capital expenditure

8. PART 5 MINIMUM REVENUE PROVISION

   1. 21. Duty to make Minimum Revenue Provision

   2. 22. Calculation of minimum revenue provision

   3. 23. Commutation adjustments to minimum revenue provision

9. PART 6 ACCOUNTS

   1. 24. Retirement benefits

   2. 25. Proper practices

10. PART 7 MISCELLANEOUS PROVISIONS

    1. 26. Application of Local Government Act 2003 to National Park authorities

    2. 27. Loans to qualifying local government bodies

11. Signature

12. Explanatory Note