The Local Authorities (Capital Finance) Regulations 1990

1. Introductory Text

2. PART I General

   1. 1. Citation, commencement and interpretation

3. PART II Expenditure for Capital Purposes

   1. 2. Expenditure to be expenditure for capital purposes

   2. 3. Expenditure not to be expenditure for capital purposes

4. PART III Charge of expenditure to revenue accounts

   1. 4. Expenditure excluded from section 41(1)

5. PART IV Credit Arrangements

   1. 5. Interpretation

   2. 6. Leases and contracts which are not credit arrangements

   3. 7. Initial and subsequent cost of leases

   4. 8. Variation of credit arrangements

6. PART V Credit Approvals

   1. 9. Specified capital grants

7. PART VI Capital Receipts

   1. 10. Interpretation

   2. 11. 1980 Act receipts

   3. 12. Sums to be capital receipts

   4. 13. Sums not to be capital receipts

   5. 14. Reserved part of capital receipts

   6. 15. Capital receipts to be treated as reduced: disposal of recently acquired interest

   7. 16. Capital receipts to be treated as reduced: disposal of certain dwellings

   8. 17. Capital receipts to be treated as reduced: disposal of recently improved land

   9. 18. Capital receipts to be treated as reduced: replacement of assets

   10. 19. Capital receipts to be treated as reduced: disposal of former new town assets

   11. 20. Capital receipts not wholly in money paid to the authority

8. PART VII Credit Ceiling

   1. 21. Modifications of initial credit ceiling and credit ceiling on or after 1st April 1990

   2. 22. Excluded credit arrangements

9. PART VIII Minimum Revenue Provision

   1. 23. Interpretation

   2. 24. Adjusted initial credit ceiling and adjusted credit ceiling

   3. 25. Minimum revenue provision for the financial year beginning on 1st April 1990

   4. 26. Minimum revenue provision for subsequent financial years

10. PART IX Supplementary

    1. 27. Interpretation of Part IV of the Act

11. Signature

12. SCHEDULES

    1. 1

       Reserved part of capital receipts

    2. 2

       Capital receipts to be treated as reduced: replacement of assets

    3. 3

       Modifications of initial credit ceiling and credit ceiling on or after 1st April 1990

    4. 4

       Adjusted initial credit ceiling and adjusted credit ceiling

    5. 5

       Minimum revenue provision

13. Explanatory Note