Part 1

Capital finance etc and accounts
Chapter 1

Capital finance etc

Capital receipts

Non-money receipts
10
1
The Secretary of State may by regulations apply section 9 to cases where—
a
a local authority makes a disposal of the kind mentioned in subsection (1) of that section and the consideration for the disposal does not consist wholly of money payable to the authority, or
b
a local authority receives otherwise than in the form of money anything which, if received in that form, would be a capital receipt under that section.
2
Regulations under subsection (1) may, in particular—
a
make provision for a local authority to be treated as receiving a sum of such an amount as may be determined under the regulations;
b
make provision about when the deemed receipt is to be treated as taking place.