- Statutory Instrument
1997 No.319
The Local Authorities (Capital Finance) Regulations 1997
© Crown Copyright 1997
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STATUTORY INSTRUMENTS
1997 No.319
| Made | 12th February 1997 | ||
| Laid before Parliament | 24th February 1997 | ||
| Coming into force | |||
| for the purposes of regulations 120, 121 and 162(a) | 30th March 1997 | ||
| for all other purposes | 1st April 1997 |
| 1 . | Citation, commencement and interpretation |
| 2 . | Issue of loan instruments |
| 3 . | Building works |
| 4 . | Advances and grants for building works |
| 5 . | Repayment of grants by local authority |
| 6 . | Housing disposal costs |
| 7 . | Computer programs |
| 8 . | Expenditure under private finance transactions |
| 9 . | Financial assistance for officers |
| 10 . | Expenditure on certain investments |
| 11 . | Expenditure required to be charged to a revenue account |
| 12 . | Expenditure not required to be charged to a revenue account |
| 13 . | Interpretation |
| 14 . | Capital cost of leases |
| 15 . | Consideration to be disregarded |
| 16 . | Meaning of private finance transaction |
| 17 . | Private finance transactions |
| 18 . | Leases and contracts of small value |
| 19 . | Leases under which the consideration given mostly in first year |
| 20 . | Operating leases |
| 21 . | Contracts with residuary bodies |
| 22 . | Licensing contracts |
| 23 . | Investments made for the purposes of a superannuation fund |
| 24 . | Other leases excluded from section 48 |
| 25 . | Other contracts excluded from section 48 |
| 26 . | Exclusion of leases from section 49(2) |
| 27 . | Cost of lease at any time |
| 28 . | Leases under certain private finance transactions |
| 29 . | Lease of land for term not exceeding three years |
| 30 . | Lease of dwelling-house for use as accommodation for homeless persons |
| 31 . | Lease of land for non-housing purposes |
| 32 . | Consecutive leases of land for total term not exceeding ten years |
| 33 . | Fire authority leases |
| 34 . | National Park authority leases |
| 35 . | Leases having an initial cost which includes consideration under earlier lease |
| 36 . | Leases of other descriptions |
| 37 . | Leases under private finance transactions - leases not falling within regulation 28 |
| 38 . | Reduction in the initial cost of certain leases |
| 39 . | Cost at any time of certain leases |
| 40 . | Transactions for the provision of a capital asset and services |
| 41 . | Transactions for the replacement or enhancement of a building and provision of heating services |
| 42 . | Transactions for the provision of a building and heating services |
| 43 . | Arrangement for improving the heating or lighting of a building |
| 44 . | Arrangement for improving street lighting |
| 45 . | Initial cost and cost at any time of arrangements for heating or lighting improvements |
| 46 . | Variation of arrangements excluded from section 49(2) |
| 47 . | The adjusted cost of arrangements - general provision |
| 48 . | Leases having an adjusted cost of nil |
| 49 . | Variation of lease where initial cost included consideration under earlier lease |
| 50 . | Continuation of tenancy under Part II of the Landlord and Tenant Act 1954 |
| 51 . | Cost of arrangements at any time after variation |
| 52 . | Interpretation |
| 53 . | Specified capital grants - all local authorities |
| 54 . | Specified capital grants - local authorities in England |
| 55 . | Specified capital grants - local authorities in Wales |
| 56 . | Transfer of property under the London Government Act 1963 |
| 57 . | Transfer of property under the Local Government Act 1972 |
| 58 . | Repayment of money deemed to have been borrowed |
| 59 . | Payment made to redeem landlord's share |
| 60 . | Disposal of premises transferred to grant-maintained school |
| 61 . | Capital receipts not exceeding £6,000 |
| 62 . | Disposal of investments |
| 63 . | Repayment of grants |
| 64 . | Interpretation |
| 65 . | Capital receipts of debt-free authorities |
| 66 . | Disposal of share and loan capital |
| 67 . | Grants and advances to housing associations |
| 68 . | Payments in respect of transferred property and deemed borrowing |
| 69 . | Payments for redemption of landlord's share |
| 70 . | Payments in respect of disposal of premises transferred to grant-maintained school |
| 71 . | Assets held for the administration of justice or for the purposes of the police or civil defence |
| 72 . | Hostels and lodging houses |
| 73 . | Crematoria |
| 74 . | Land used for the purposes of education |
| 75 . | Agricultural holdings |
| 76 . | Disposal of land held for housing purposes |
| 77 . | Disposal of shared ownership leases |
| 78 . | Other disposals of dwellings |
| 79 . | Meaning of authority |
| 80 . | Capital value of a lease |
| 81 . | Adjusting the amount by which a capital receipt shall be reduced |
| 82 . | Capital receipts in relation to a single asset |
| 83 . | Notional capital receipts |
| 84 . | Nature of disposal of interest in land |
| 85 . | Meaning of regeneration project |
| 86 . | Capital receipts derived from disposals made to assist regeneration |
| 87 . | Disposal of unoccupied dwellings |
| 88 . | Disposal of industrial estates |
| 89 . | Disposal of docks and harbours etc. |
| 90 . | Disposal of leisure facilities |
| 91 . | Disposal of shops and offices etc. |
| 92 . | Disposal of land for development |
| 93 . | Amount of reduction of receipts derived from relevant disposals |
| 94 . | Improvement of land out of moneys provided by Parliament |
| 95 . | Improvement of land out of moneys provided by the Urban Regeneration Agency or the Welsh Development Agency |
| 96 . | Disposal of recently acquired interests in land |
| 97 . | Land in England - disposal of certain dwellings |
| 98 . | Disposal of recently improved land |
| 99 . | Disposal and replacement of land or buildings |
| 100 . | Disposal of former new town assets |
| 101 . | Disposal of former residuary body assets |
| 102 . | Disposal of land - compensation for planning decision |
| 103 . | Disposal of land - development of land by authority |
| 104 . | Disposals of dwellings in exchange for certain flats |
| 105 . | Interpretation |
| 106 . | Notional capital receipts to be treated as reduced |
| 107 . | Disposal of redundant land in exchange for vacant land |
| 108 . | Disposal of land to another local authority |
| 109 . | Disposal of land in exchange for nomination rights |
| 110 . | Disposal of interest in land in exchange for works on the land |
| 111 . | Disposal of land in exchange for right to use the land after enhancement |
| 112 . | Disposal of property under a private finance transaction |
| 113 . | Disposal of lease in exchange for lessor's promise to forbear |
| 114 . | Disposal of assets in exchange for share or loan capital in a company |
| 115 . | Interpretation |
| 116 . | Credit ceiling on or after 1st April 1997 |
| 117 . | Credit ceiling not reduced by certain minimum revenue provision |
| 118 . | Credit ceiling increased by use of amount set aside to pay levy on disposals of housing |
| 119 . | Credit ceiling not increased by use of amount set aside to meet certain expenditure |
| 120 . | Credit ceilings of combined and susperseded fire authorities |
| 121 . | Credit ceilings of authorities for National Parks |
| 122 . | General exclusion for leases of land |
| 123 . | Exclusion for private finance transactions |
| 124 . | Adjusted credit ceiling |
| 125 . | Basis of determination |
| 126 . | Amounts set aside - transferred property and deemed borrowing |
| 127 . | Amounts set aside - transferred debt of designated councils |
| 128 . | Amounts set aside - advances to housing associations |
| 129 . | Amounts set aside - interests in a regulated company |
| 130 . | Interpretation |
| 131 . | Minimum revenue provision for financial years beginning after 31st March 1997 |
| 132 . | Percentage of the housing amount and non-housing amount |
| 133 . | Percentage of the relevant amount |
| 134 . | Outstanding advances from a loans fund |
| 135 . | Transferred debt of designated councils |
| 136 . | Use of certain credit approvals |
| 137 . | Use of amounts set aside to meet liabilities under credit arrangements which had an initial cost of nil |
| 138 . | Commutation adjustments to minimum revenue provision |
| 139 . | Basis of determination |
| 140 . | Housing and non-housing amounts for financial year beginning 1st April 1997 |
| 141 . | Housing and non-housing amounts for subsequent financial years |
| 142 . | General provisions affecting the determination of housing and non-housing amounts |
| 143 . | Determining the housing component |
| 144 . | Determining the housing reduction |
| 145 . | Determining the housing increase |
| 146 . | Increase in housing component where minimum revenue provision in the last year was nil |
| 147 . | Determining the non-housing component |
| 148 . | Determining the non-housing reduction |
| 149 . | Determining the non-housing increase |
| 150 . | Increase in non-housing component where minimum revenue provision in the last year was nil |
| 151 . | Relevant amount for financial year beginning 1st April 1997 |
| 152 . | Relevant amount for subsequent financial years |
| 153 . | Adjustment for certain amounts set aside under separate provision |
| 154 . | Interpretation |
| 155 . | Use of amounts set aside in respect of certain capital receipts |
| 156 . | Use of amounts set aside - expenditure for capital purposes |
| 157 . | Use of amounts set aside - revenue expenditure |
| 158 . | Transfer of amounts set aside |
| 159 . | Conditions specified in relation to the transfer of amounts set aside |
| 160 . | Interpretation of Part IV of the Act - references to loans and borrowing |
| 161 . | Approved investments |
| 162 . | Revocations |
| 163 . | Savings |
| Schedule 1 | Use of land for a specified purpose |
| Schedule 2 | Minimum revenue provision savings and commutation adjustments |
| Schedule 3 | Subordinate legislation revoked |
