
1 
These Regulations may be cited as the Local Authorities (Capital Finance) (Rate of Discount for 1994/95) Regulations 1994 and shall come into force on 1st April 1994.
2 
The percentage rate of discount prescribed for the financial year beginning on 1st April 1994 for the purposes of section 49 of the Local Government and Housing Act shall be 9.2 per cent.
Signed by authority of the Secretary of State for the Environment
David Curry
Minister of State,
Department of the Environment
2nd March 1994John Redwood
Secretary of State for Wales
6th March 1994