Guidance

Capital finance amendment regulations 2012: commentary

This informal commentary summarises the intended effects of the capital finance amendment regulations 2012.

Document

Changes to the capital finance system: an informal commentary by DCLG on The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2012 (SI 2012/265)

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Details

This informal commentary summarises the intended effects of the Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2012.

The main effects are to bring securitisation within the capital finance framework, relax the rules on bond investments, and clarify the definition of capital expenditure. Securitisation is the exchange of future revenues for an immediate lump sum payment.

Published 16 February 2012