C1C2C3C4C6C5C8C7C9C10C11Part 1Capital finance etc and accounts

Annotations:
Modifications etc. (not altering text)
C1

Meaning of “local authority” in Pt. 1 modified (5.3.2008) by Cheshire (Structural Changes) Order 2008 (S.I. 2008/634), arts. 1, 9(9)(c)

C2

Meaning of “local authority” in Pt. 1 modified (28.3.2008) by Bedfordshire (Structural Changes) Order 2008 (S.I. 2008/907), arts. 1, 20(7)(c)

C3

Pt. 1 applied (15.1.2014) by Humber Bridge Act 2013 (c. vi), ss. 1(1), 8(4)

Chapter 1Capital finance etc

Capital receipts

I1I210Non-money receipts

1

The Secretary of State may by regulations apply section 9 to cases where—

a

a local authority makes a disposal of the kind mentioned in subsection (1) of that section and the consideration for the disposal does not consist wholly of money payable to the authority, or

b

a local authority receives otherwise than in the form of money anything which, if received in that form, would be a capital receipt under that section.

2

Regulations under subsection (1) may, in particular—

a

make provision for a local authority to be treated as receiving a sum of such an amount as may be determined under the regulations;

b

make provision about when the deemed receipt is to be treated as taking place.