C1C3PART 1FINANCIAL ADMINISTRATION
Annotations:
Modifications etc. (not altering text)
C3
Pt. 1 applied with modifications (1.4.2015) by The Local Government (Constituting a Joint Committee a Body Corporate) Order (Northern Ireland) 2015 (S.R. 2015/183), arts. 1, 4
Capital expenditure
I1I2C219“Capital expenditure”
1
Subject to subsections (2) and (3), references in this Part to capital expenditure, in relation to a council, are to expenditure of the council which falls to be capitalised in accordance with proper practices.
2
Regulations may provide that expenditure of councils shall be treated for the purposes of this Part as being, or as not being, capital expenditure.
3
The Department may by direction provide that expenditure of a particular council shall be treated for the purposes of this Part as being, or as not being, capital expenditure.
Pt. 1 applied with modifications (2.4.2012) by The Local Government (Constituting Joint Committees as Bodies Corporate) Order (Northern Ireland) 2012 (S.R. 2012/10), arts. 1, 4