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PART 1FINANCIAL 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.