- Department for Communities and Local Government
- Part of:
- Local government capital finance: letters to local authorities, Local government spending, and Local government finance and capital assets
- 16 February 2012
- Applies to:
This informal commentary summarises the intended effects of the capital finance amendment regulations 2012.
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)
PDF, 71.7KB, 9 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email firstname.lastname@example.org. Please tell us what format you need. It will help us if you say what assistive technology you use.
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