The Local Authorities (Capital Finance) Regulations 1990
These Regulations, which are made under Part IV of the Local Government and Housing Act 1989 (“the Act”), are concerned with the new capital finance system for local authorities which operates from 1st April 1990. The new system replaces the controls on capital expenditure contained in Part VIII of the Local Government, Planning and Land Act 1980. The Regulations apply to England and Wales and are to come into force on 1st April 1990.