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PART 1N.I.FINANCIAL ADMINISTRATION

Capital expenditureN.I.

“Capital expenditure”N.I.

19—(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.

Modifications etc. (not altering text)

Commencement Information

I1S. 19 wholly in operation at 1.4.2012; s. 19 not in operation at Royal Assent see s. 47(1); s. 19 in operation for certain purposes at 10.9.2011 otherwise 1.4.2012 by S.R. 2011/306, art. 2(1)(3), Sch.

I2S. 19 in operation at 1.4.2012 in so far as not already in operation by S.R. 2011/306, art. 2(3)