1.—(1) The name of these Regulations is the Local Authorities (Capital Finance) (Rate of Discount for 2001/2002) (Wales) Regulations 2001 and they shall come into force on 1st April 2001.
(2) These Regulations apply to Wales only.
2. The percentage rate of discount prescribed for the financial year beginning on 1st April 2001 for the purposes of section 49 of the Local Government and Housing Act 1989 is 7 per cent.
Signed on behalf of the National Assembly for Wales under section 66(1) of the Government of Wales Act 1998(1).
D.Elis Thomas
The Presiding Officer of the National Assembly
29th March 2001