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Article 3 Capital money

Original text. Later amendments are not shown.

Money received by the LRB of the following descriptions is hereby specified as capital money for the purposes of section 77 of the Local Government Act 1985 and section 185 of the 1988 Act—

(a)

an amount of the revenue balances vested in the LRB pursuant to the 1988 Act equal to £23,165,166;

(b)

the capital balances vested in the LRB pursuant to the 1988 Act; and

(c)

direct capital receipts.