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The Local Authorities (Capital Finance) Regulations 1990
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- UK Statutory Instruments
- 1990 No. 432
- PART VIII
- Regulation 24
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Adjusted initial credit ceiling and adjusted credit ceiling
24.—(1) A local authority’s adjusted initial credit ceiling shall be their initial credit ceiling, determined in accordance with Part III of Schedule 3 to the Act, as modified for the purposes of Part IV of that Schedule in accordance with Part I of Schedule 4 to these Regulations.
(2) A local authority’s adjusted credit ceiling at any time shall be their credit ceiling at any such time, determined in accordance with Part III of Schedule 3 to the Act, as modified for the purposes of Part IV of that Schedule in accordance with Part II of Schedule 4 to these Regulations.
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