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The Local Authorities (Capital Finance) (Amendment) Regulations 1990

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Explanatory Note

(This note is not part of the Regulations)

Section 57 of the Local Governmentand Housing Act 1989 (“the 1989 Act”) empowers the Secretary of State to specify by regulationscertain grants, contributionsand subsidies paid to local authorities. Such grants etc. then become “specified capital grants” for the purposes of that section. Section 57 provides that if a local authority receive a specified capital grant their relevant credit approvals shall be reduced by deducting therefrom an amount equal to the specified capital grant received.

These Regulations amend the provisions relating to Wales in regulation 9 of the Local Authorities (Capital Finance) Regulations 1990. The effect of the amendments is to define the scope of “specified capital grants” as regards contributionspaid by the Secretary of State towards local authority expenditure under Part VIII of the 1989 Act (local authority grants towardscosts of housing improvementsand repairs etc). The relevant provisions of Part VIII (insofar as they are not already in force) arebeing brought into force by Commencement Order on1st July 1990.

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