The Local Authorities (Capital Finance) Regulations 1997
These Regulations, which are made under Part IV of the Local Government and Housing Act 1989 (“the Act”), consolidate with amendments the Local Authorities (Capital Finance) Regulations 1990 and subsequent amending instruments, and are concerned with the capital finance system for local authorities which has been in operation since 1st April 1990. The Regulations apply to England and Wales, and apart from regulations 120 and 121 (which provide for the adjustment of certain authorities' credit ceilings), and regulation 162 (which provides for the revocation of the 1990 Regulations as amended), come into force on 1st April 1997.