PART 1FINANCIAL ADMINISTRATION
Capital receipts
Use of capital receipts22
(1)
Regulations may make provision about the use of capital receipts by a council.
(2)
Regulations under subsection (1) may, in particular, make provision requiring an amount equal to the whole or any part of a capital receipt to be used only to meet—
(a)
capital expenditure, or
(b)
debts or other liabilities.