PART 1N.I.FINANCIAL ADMINISTRATION

Capital receiptsN.I.

Use of capital receiptsN.I.

22—(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.

Modifications etc. (not altering text)

Commencement Information

I1S. 22 wholly in operation at 1.4.2012; s. 22 not in operation at Royal Assent see s. 47(1); s. 22 in operation for certain purposes at 10.9.2011 otherwise 1.4.2012 by S.R. 2011/306, art. 2(1)(3), Sch.

I2S. 22 in operation at 1.4.2012 in so far as not already in operation by S.R. 2011/306, art. 2(3)