SCHEDULEProvisions coming into operation on 10th September 2011

Article 2(1)

Provisions of the Act

(1)

Subject Matter

(2)

Purpose

(3)

Section 2

Accounting practices

For the purpose of enabling the Department to make regulations and issue guidance regarding the accounting practices to be followed by councils

Section 3

Annual budget

For the purpose of enabling the Department to prescribe a date in regulations

Section 13

Duty to determine affordable borrowing limit

For the purpose of enabling the Department to make regulations regarding a council’s duty to determine and keep under review its affordable borrowing limit

Section 17

“Credit arrangements”

For the purpose of enabling the Department to prescribe liabilities not to be treated as qualifying liabilities

Section 18

Control of credit arrangements

For the purpose of enabling the Department to make regulations regarding the calculation of the cost of a credit arrangement or variation, and the treatment of options

Section 19

“Capital expenditure”

For the purpose of enabling the Department to make regulations regarding the treatment of expenditure

Section 20

“Capital receipt”

For the purpose of enabling the Department to make regulations regarding sums received in respect of capital assets

Section 22

Use of capital receipts

For the purpose of enabling the Department to make regulations regarding the use of capital receipts

Section 25

Guidance

For the purpose of enabling the Department to specify guidance in regulations, and to issue guidance, for the purposes of Part 1 (financial administration)

Section 27

Rates support grant

For the purpose of enabling the Department to make regulations regarding the rates support grant and to determine the information required from councils for the calculation of entitlement to rates support grant for the financial year commencing on 1st April 2012

Section 31

Allowances, etc. for councillors

For the purpose of enabling the Department to make regulations and issue guidance regarding allowances or other payments to councillors