The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003, Paragraph 4C is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F1[F24C—(1) This paragraph applies to North Yorkshire Council, Somerset Council and Westmorland and Furness Council.E+W
(2) The assumed debt is—
(a)in the financial year beginning on 1st April 2023, the amount of debt assumed to be associated with a local authority in that year as set out in Table AA in this Schedule; and
(b)in each subsequent financial year —N* × 1.01.
(3) The local authority share cap is—
(a)in the financial year beginning on 1st April 2023, the amount attributable to an authority set out in Table BB in this Schedule; and
(b)in each subsequent financial year—O* × 1.01.]]
Textual Amendments
F1Sch. substituted (1.4.2013) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2013 (S.I. 2013/476), regs. 1(3), 4, Sch. (with reg. 7)
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