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23. Capital receipts may only be used for one or more of the following purposes—
(a)to meet capital expenditure;
(b)to repay the principal of any amount borrowed;
(c)to pay a premium charged in relation to any amount borrowed;
(d)to meet any liability in respect of credit arrangements, other than any liability which, in accordance with proper practices, must be charged to a revenue account;
(e)to meet the administrative costs of or incidental to a disposal of an interest in housing land; or
(f)to make a payment to the Secretary of State under regulation 12 or 13.
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