PART 1

FINANCIAL ADMINISTRATION

Capital receipts

Use of capital receipts
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.
S. 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.
S. 22 in operation at 1.4.2012 in so far as not already in operation by S.R. 2011/306, art. 2(3)
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
Ss. 17-22 applied (with mods) (2.7.2013) by The Local Government (Statutory Transition Committees) Regulations (Northern Ireland) 2013 (S.R. 2013/179), regs. 1(1), 23, Sch. 3
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