
1 
These Regulations may be cited as the Local Authorities (Capital Finance) (Rate of Discount for 1993/94) Regulations 1993 and shall come into force on 1st April 1993.
2 
The percentage rate of discount prescribed for the financial year beginning on 1st April 1993 for the purposes of section 49 of the Local Government and Housing Act 1989 shall be 9.9 per cent.
Michael Howard
Secretary of State for the Environment
19th February 1993David Hunt
Secretary of State for Wales
22nd February 1993