excluded expendituremeans expenditure for capital purposes incurred in the making of agrant or loan, or the giving of financial assistance, of a kind described in paragraph 3(a) and (b) of Schedule 1 to these Regulations;
health authorityhas the meaning given by section 128(1) of the National Health Service Act 1977;
relevant amountmeans any amount set aside by a relevant authority on or before 31st March 1992 (whether voluntarily or pursuant to a requirement under Part IV of the Act) as provision to meet credit liabilities;
relevant authoritymeans a local authority in England who have no money outstanding by way of borrowing other than short-term borrowing (within the meaning of section 45(6)) or borrowing which was undertaken under section 5 of the City of London (Various Powers) Act 1924 and whose credit ceiling, as determined under Part III of Schedule 3 to the Act, is, on the date which is the relevant date for any financial year, a negative amount;