The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016

PART 5 S Consequential and supplemental provision

Consequential amendments S

15.—(1) In section 37(1) (general interpretation) of the Local Government (Scotland) Act 1975(1), in the definition of “prescribed” the words “, except in paragraph 6 of Schedule 3,” are repealed.

(2) In Schedule 3 to that Act—

(a) in paragraph 22(3) (operation of capital, renewal and repair, and insurance funds)(2), for “advanced to the loans fund” substitute “used for any purpose for which a local authority may borrow money”; and

(b) in paragraph 25(2)(b) (repayment of fund advances)—

(i) the word “earlier” is repealed; and

(ii) the words from “within”, where it first occurs, to “period”, where it second occurs, are repealed.

(3) In section 33(1) of the Order in the Schedule to the Tay Road Bridge Order Confirmation Act 1991 (advances by councils to Tay Road Bridge Joint Board) (3), the words from “, in” to “1975,” are repealed.

Commencement Information

I1 Reg. 15 in force at 1.4.2016, see reg. 1(1)

Consequential revocations S

16.  The following instruments are revoked—

(a) the Local Authority Stocks and Bonds (Scotland) Regulations 1975(4);

(b) the Local Authority Mortgages (Scotland) Regulations 1975(5);

(c) the Local Authority Stocks and Bonds (Scotland) Amendment Regulations 1984(6); and

(d) the Local Authority Stocks and Bonds (Scotland) Amendment Regulations 1991(7).

Commencement Information

I2 Reg. 16 in force at 1.4.2016, see reg. 1(1)

Supplemental provision S

17.  In relation to the 2016-17 financial year the requirement in regulation 6(1) to determine authorised limits before the start of that financial year does not apply, but a local authority must determine its authorised limit for that financial year and for the 2017-18 and 2018-19 financial years no later than 30th June 2016.

Commencement Information

I3 Reg. 17 in force at 1.4.2016, see reg. 1(1)

(1)

1975 c.30.

(2)

Paragraph 22(3) is amended by S.S.I. 2010/122.

(3)

There are amendments to section 33 that are not relevant to these Regulations.

(4)

S.I. 1975/825.

(5)

S.I. 1975/827.

(6)

S.I. 1984/1652.

(7)

S.I. 1991/385.