
1 
These Regulations may be cited as the Local Authorities (Capital Finance) (Rate of Discount for 1999/2000) Regulations 1999 and shall come into force on 1st April 1999.
2 
The percentage rate of discount prescribed for the financial year beginning on 1st April 1999 for the purposes of defining “r” in section 49(2) of the Local Government and Housing Act 1989 shall be 8.4 per cent.
Signed by authority of the Secretary of State for the Environment, Transport and the Regions
Hilary Armstrong
Minister of State,
Department of the Environment, Transport and the Regions
23rd February 1999Signed by authority of the Secretary of State for Wales
Jon Owen Jones
Parliamentary Under-Secretary of State, Welsh Office
24th February 1999