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Local Government Finance (Supplementary Credit Approvals) Act 1997
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- UK Public General Acts
- 1997 c. 63
- Section 2
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2Power in place of duty to specify amortisation period
In section 54(5) of that Act (which provides that a supplementary credit approval must specify an amortisation period not exceeding seven years if it is issued to a local authority in respect of expenditure treated by the authority as expenditure for capital purposes by virtue of directions under section 40(6)), for the words “must specify” onwards substitute “may specify an amortisation period.”
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