OpenLegislation

Section 126 Interpretation of Chapter IV.

England, Wales and Scotland

F1(1)

In this Chapter—

  • “capital expenditure” and “capital receipt” have the same meaning as in Chapter 1 of Part 1 of the Local Government Act 2003 (capital finance);

  • “capital spending plan” means a capital spending plan under section 122 above.

(2)

References in this Chapter to credit arrangements, or to entering into credit arrangements, shall be construed in accordance with F2Chapter 1 of Part 1 of the Local Government Act 2003 (see section 7 of that Act).

Annotations

Textual amendments

F1

S. 126(1) substituted (1.4.2004) by Local Government Act 2003 (c. 26), s. 128(3)(e), Sch. 7 para. 78(2); S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)

F2

Words in s. 126(2) substituted (1.4.2004) by Local Government Act 2003 (c. 26), s. 128(3)(e), Sch. 7 para. 78(3); S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)