The Local Authorities (Capital Finance and Accounting) (Wales) (Amendment) Regulations 2006
Part I of the Local Government Act 2003 (“the 2003 Act”) allows the National Assembly for Wales to make provision for a system of local government capital finance. The National Assembly for Wales used the powers under the 2003 Act to make the Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003 (“the 2003 Regulations”) which introduced a new system of local government capital finance. These Regulations are made under largely the same powers and make amendments to the 2003 Regulations.