Part 7Finance

I135Capital expenditure limits

1

It is the duty of a local authority to determine and keep under review the maximum amount which it can afford to allocate to capital expenditure.

2

In discharging that duty, the local authority shall comply with regulations made by the Scottish Ministers for the purposes of this section.

3

Those regulations may, in particular, make provision—

a

prescribing when and in respect of what period determinations under subsection (1) above are to be made;

b

prescribing how those determinations are to be arrived at and any considerations to which regard is to be had in arriving at them;

c

prescribing how local authorities are to keep those determinations under review under subsection (1) above and any considerations to which they must have regard in doing so;

d

requiring local authorities to make to the Scottish Ministers such reports containing such information as is prescribed by the regulations;

e

requiring the amount determined under subsection (1) above and factors on which the determination was based to be subjected to such process of audit as is prescribed by the regulations;

f

requiring information about that amount and those factors to be published,

and they may make different provision for different cases or different classes of case.

4

The considerations referred to in paragraphs (b) and (c) above may include codes of practice referred to in the regulations.