The Local Authorities (Capital Finance) (Amendment) Regulations 1992

• Citation: S.I. 1992/502
• Sections: 2

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Local Authorities (Capital Finance) (Amendment) Regulations 1992 and shall come into force on 30th March 1992.

(2) In these Regulations,“the principal Regulations ” means the Local Authorities (Capital Finance) Regulations 1990 .

Section 2 Specified capital grants: Wales

In regulation 9 of the principal Regulations—

(a) in paragraph (1) after “England” there is inserted “and, subject to paragraph (2) below, in respect of local authorities in Wales”;

(b) for paragraph (2) there are substituted the following paragraphs—

(2) Paragraph (1) shall not apply to the grants, contributions and subsidies referred to in that paragraph insofar as they are paid in aid of any expenditure (including administrative expenses) incurred by a local authority in Wales under—

(a) Part XV of the Housing Act 1985, or

(b) Part VIII of the Act on—

(i) a grant in respect of which the authority are under a duty under Part VIII of the Act to approve an application;

(ii) a grant in so far as it relates to an application which, by virtue of section 112(4)(b) or 113(3)(b), is treated as an application under section 115; or

(iii) a grant in so far as it relates to an application in respect of a dwelling or a building which is approved by the authority under section 114(4) at the same time as they approve an application under section 114(3) in respect of the same dwelling or building,

where the expenditure is incurred before 1st April 1992.

(3) For the purposes of paragraph (2), a local authority are deemed to incur all their expenditure on a grant—

(a) if the grant is paid in one payment, at the time of the payment, or

(b) if the grant is paid by instalments, at the time of the payment of the final instalment.