2001 No. 1287 (W.75)
LOCAL GOVERNMENT, WALES
The Local Authorities (Capital Finance) (Rate of Discount for 2001/2002) (Wales) Regulations 2001
Made
Coming into force
Name, commencement and application1
1
The name of these Regulations is the Local Authorities (Capital Finance) (Rate of Discount for 2001/2002) (Wales) Regulations 2001 and they shall come into force on 1st April 2001.
2
These Regulations apply to Wales only.
Rate of discount2
The percentage rate of discount prescribed for the financial year beginning on 1st April 2001 for the purposes of section 49 of the Local Government and Housing Act 1989 is 7 per cent.
Signed on behalf of the National Assembly for Wales under section 66(1) of the Government of Wales Act 19983.
D.Elis ThomasThe Presiding Officer of the National Assembly
(This note does not form part of the Regulations)