
1 
These Regulations may be cited as the Local Authorities (Capital Finance) (Prescribed Bodies) Regulations 1990 and shall come into force on 1st April 1990.
2 
The following levying bodies, within the meaning of section 74 of the Local Government Finance Act 1988, are hereby prescribed for the purposes of section 39(1)(k) of the Local Government and Housing Act 1989—
(a) the London Pensions Fund Authority, and
(b) the South Yorkshire Pensions Authority.
3 
Part IV of the Local Government and Housing Act 1989 shall have effect in relation to the bodies prescribed by regulation 2 subject to the modification that the word “may” shall be substituted for the word “shall” in section 53(1).
Chris Patten 
Secretary of State for the Environment
2nd March 1990