The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016
PART 1
General
1
Citation, commencement and interpretation
PART 2
Borrowing by local authorities
2
Borrowing of money by a local authority
3
Two or more local authorities may combine to exercise their...
4
When exercising its power to borrow money, a local authority...
5
Borrowing by way of a credit arrangement
6
The authorised limit for external debt
7
Security for money borrowed
8
Protection for lenders
9
External funds
PART 3
Borrowing in respect of lending by local authorities
10
Borrowing to lend and advance money
11
A local authority may borrow to advance money to any...
PART 4
Loans funds
12
Duty to maintain a loans fund
13
Loans fund advances
14
Duty to make a statutory repayment of loans fund advances
14A
Deferral of statutory repayments in 2020-21, 2021-22 or 2022-23
PART 5
Consequential and supplemental provision
15
Consequential amendments
16
Consequential revocations
17
Supplemental provision
2016 No. 123

Local Government

The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016
Made
22nd February 2016
Coming into force
1st April 2016
The Scottish Ministers make the following Regulations in exercise of the powers conferred by section 165 of the Local Government etc. (Scotland) Act 1994 , paragraph 5(1) of Schedule 3 to the Local Government (Scotland) Act 1975 and all other powers enabling them to do so.
In accordance with section 165(5) of the Local Government etc. (Scotland) Act 1994 a draft of this instrument has been laid before and approved by resolution of the Scottish Parliament.
1994 c.39. Section 165 was amended by Schedule 24 to the Environment Act 1995 (c.25). The functions of the Secretary of State were transferred to the Scottish Ministers by virtue of section 53 of the Scotland Act 1998 (c.46). The requirement to obtain Treasury consent was removed by section 55 of that Act.
1975 c.30. Paragraph 5 of Schedule 3 was amended by section 5(2) of the Stock Transfer Act 1982 (c.41).