[12B Risk thresholds]
Local Government Act 2003 (2003 c 26) | Legislation

[12B  Risk thresholds]

[(1)     For the purposes of section 12A(2)(a), a risk threshold is breached by a local authority in England if (and when) a capital risk metric for the local authority breaches the specified threshold for that metric.

(2)     Each of the following is a “capital risk metric”—

(a)     the total of a local authority's debt (including credit arrangements) as compared to the financial resources at the disposal of the authority;

(b)     the

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