New freedom on using capital receipts
New freedom on using capital receipts
- 1998
- DETR News Release (715) 31 August 1998 (1) .
Local councils are set to benefit from an additional £250m a year for investment in local capital projects. New regulations abolish the Local Government and Housing Act 1989 s59 which requires local authorities to set aside part of their capital receipts for meeting debt and credit liabilities.
ASSETS
CAPITAL RECEIPTS
LOCAL AUTHORITIES (CAPITAL FINANCE) (AMENDMENT NO. 3) REGULATIONS 1998
LOCAL AUTHORITIES
LOCAL GOVERNMENT AND HOUSING ACT 1989 S59
SET-ASIDE
Local councils are set to benefit from an additional £250m a year for investment in local capital projects. New regulations abolish the Local Government and Housing Act 1989 s59 which requires local authorities to set aside part of their capital receipts for meeting debt and credit liabilities.
ASSETS
CAPITAL RECEIPTS
LOCAL AUTHORITIES (CAPITAL FINANCE) (AMENDMENT NO. 3) REGULATIONS 1998
LOCAL AUTHORITIES
LOCAL GOVERNMENT AND HOUSING ACT 1989 S59
SET-ASIDE