The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.2) Regulations 2013

• Citation: S.I. 2013/1751
• Sections: 4

Section 1 Citation, commencement and application

(1) These regulations may be cited as the Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.2) Regulations 2013.

(2) These Regulations come into force on 13th August 2013 and apply only in relation to local authorities in England.

Section 2 Amendment of the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003

The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 are amended as follows.

Section 3 Definition of sub-liability

In regulation 1(5), in the definition of “sub-liability”, for “paragraph 9” substitute “paragraph 13”.

Section 4 Schedule – Calculation of the sub-liability

In the Schedule, for the definition of F substitute—

F has the meaning set out in paragraph 11, except for the quarters during the period 1 April 2012 to 31 March 2013 where the value of F shall be the amount calculated as F on the due date for each of those quarters.