
1 
These Regulations may be cited as the Local Authorities (Capital Finance) (Rate of Discount for 1991/92) Regulations 1991 and shall come into force on 1st April 1991.
2 
The percentage rate of discount prescribed for the financial year beginning on 1st April 1991 for the purposes of section 49 of the Local Government and Housing Act 1989 shall be 11 per cent.
Michael Heseltine
Secretary of State for the Environment
21st January 1991David Hunt
Secretary of State for Wales
21st January 1991