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New freedom on using capital receipts

Language: English Series: DETR News Release ; (715) 31 August 1998 (1)Publication details: 1998Subject(s): Summary: 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.
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News article London News article WB3433-29 (Browse shelf(Opens below)) 1 Available 88289-1001

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.