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The Local Authorities (Capital Finance) (Amendment) Regulations 1997
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- 1997 No. 848
- Regulation 6
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Disposal of property under a private finance transaction
6. In regulation 112, substitute the following paragraph for paragraph (1)—
“(1) In this regulation, “relevant arrangement” means a credit arrangement—
(a)which is a private finance transaction for the purposes of Part IV of these Regulations; and
(b)of which the initial cost falls to be determined under regulation 40, 41 or 42, or which is entered into in reliance on a supplementary credit approval which applies for the purposes of the transaction and for no other purposes.”.
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