
1 

(1) These Regulations may be cited as the Local Authorities (Capital Finance) (Rate of Discount) Regulations 1990.
(2) These Regulations shall come into force on 1st April 1990.
2 
The percentage rate of discount prescribed for the financial year beginning on 1st April 1990 for the purposes of section 49 of the Local Government and Housing Act 1989 shall be 11 per cent.
Chris Patten
Secretary of State for the Environment
19th February 1990Peter Walker
Secretary of State for Wales
20th February 1990