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(This note is not part of the Regulations)
These Regulations amend Part VIIIA (use of amounts set aside to meet credit liabilities) of the Local Authorities (Capital Finance) Regulations 1990.
At present Part VIIIA only applies to amounts set aside on or before 31st March 1992.The amendment made by regulation 2(a) removes the reference to that date so that the Part will apply to amounts set aside for the time being.The amendment made by regulation 2(b) deletes a specified condition relating to the use of amounts set aside in consequence of housing disposals.
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