The Local Authorities (Capital Finance, Approved Investments and Contracts—Amendment) (England) Regulations 2001

Contents

1Citation, commencement and extent#

(1)These Regulations, which extend to England only, may be cited as the Local Authorities (Capital Finance, Approved Investments and Contracts—Amendment) (England) Regulations 2001.

(2)These Regulations shall come into force on 1st April 2001.

2The Local Authorities (Capital Finance) Regulations 1997#

The Local Authorities (Capital Finance) Regulations 1997 shall be amended in accordance with regulations 3 to 8 below.

3Other leases excluded from section 48#

In regulation 24(2) after sub-paragraph (g) insert:“• ; or (h) any scheme under paragraph 33 of Schedule 14 to the Access to Justice Act 1999; or(a) regulations under paragraph 35 of Schedule 14 to the Access to Justice Act 1999, to the extent that where accommodation is provided to the Greater London Magistrates' Courts Authority under regulations under that paragraph, it is leased to that authority.”

4Excluded private finance transactions#

In regulation 40(1) for the words “for the financial year in which the credit arrangement comes into being” substitute “for any financial year during the term of the credit arrangement”.

5Credit ceiling increased by amount of debt transferred from another authority#

After regulation 118A insert the following regulation:“118B Where an authority transfer some or all of their debt to another authority (“the transferee”), the credit ceiling of the transferee shall be increased by the amount of debt so transferred.”

6Credit ceiling reduced by amount of debt transferred to another authority#

After regulation 119A insert the following regulation:“119B Where an authority (“the transferor”) transfer some or all of their debt to another authority, the credit ceiling of the transferor shall be reduced by the amount of debt so transferred.”

7Determining the non-housing reduction#

In regulation 148(1) in sub-paragraph (a) for “regulation 119A” substitute “regulations 119A and 119B”.

8Determining the non-housing increase#

In regulation 149(1):

(a)at the end of sub-paragraph (c) omit the word “and”;

(b)after sub-paragraph (d) add:“• ; and(a) under regulation 118B.”

9The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990#

(1)The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990 shall be amended as follows.

(2)In regulation 1(2), in the definition of “relevant lender”, for “28 to 35” substitute “28 to 36”.

(3)At the end of Part II of the Schedule, add—“36 The Greater London Magistrates' Courts Authority.”

10The Local Authorities (Contracts) Regulations 1997#

(1)The Local Authorities (Contracts) Regulations 1997 shall be amended as follows.

(2)In regulation 5(1), at the end of sub-paragraph (g) omit “and” and after sub-paragraph (h)16 221 (j) insert—“• ; and (i) the Greater London Magistrates' Courts Authority.”

(3)In regulation 6(1)—

(a)after “Schedule 10 to the Greater London Authority Act” insert “1999 or, in the case of the Greater London Magistrates' Courts Authority, section 59A(2) of the Justices of the Peace Act 1997”; and

(b)in sub-paragraph (b), after “Schedule 10 to the Greater London Authority Act” insert “1999 or, in the case of the Greater London Magistrates' Courts Authority, section 59A(2) of the Justices of the Peace Act 1997.”.

Contains public sector information licensed under the Open Government Licence v3.0.

The Local Authorities (Capital Finance, Approved Investments and Contracts—Amendment) (England) Regulations 2001

1Citation, commencement and extent#

2The Local Authorities (Capital Finance) Regulations 1997#

3Other leases excluded from section 48#

4Excluded private finance transactions#

5Credit ceiling increased by amount of debt transferred from another authority#

6Credit ceiling reduced by amount of debt transferred to another authority#

7Determining the non-housing reduction#

8Determining the non-housing increase#

9The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990#

10The Local Authorities (Contracts) Regulations 1997#

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Key facts

Connections

1Citation, commencement and extent#

2The Local Authorities (Capital Finance) Regulations 1997#

3Other leases excluded from section 48#

4Excluded private finance transactions#

5Credit ceiling increased by amount of debt transferred from another authority#

6Credit ceiling reduced by amount of debt transferred to another authority#

7Determining the non-housing reduction#

8Determining the non-housing increase#

9The Local Authorities (Capital Finance) (Approved Investments) Regulations 1990#

10The Local Authorities (Contracts) Regulations 1997#