{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1996/regulation-5",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1996/regulation-5.json",
  "legislation": "uksi/1996/2121",
  "legislation_title": "The Local Authorities (Capital Finance) (Amendment No. 2) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1996",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Capital receipts to be treated as reduced: replacement of assets",
  "text": "In regulation 18 —\n(a) in paragraph (3), after sub-paragraph (a) insert the following sub-paragraph —\n“(aa) the land is a defective dwelling within the meaning of Part XVI of the Housing Act 1985 (assistance for owners of defective housing); or”;\n(b) in paragraph (3)(b), for “immediately before the disposal”substitute “at the time of the authority’s decision to make the disposal”, and at the end of that paragraph omit the word “or”;\n(c) omit paragraph (3)(c); and\n(d) in paragraph (4), for sub-paragraphs (b) and (c) substitute the following sub-paragraph —\n“(b) at the same time as making that decision, the authority decided to acquire a new interest in the land after the disposal, or an interest in any other land, or to carry out works on any land, and either —\n(i) if the land is of a description mentioned in paragraph (3)(a) or (aa) above, to use the new land for the purposes of Part II of the Housing Act 1985; or\n(ii) if the land is of a description mentioned in paragraph (3)(b) above, to use the new land for the same qualifying purpose, or a different purpose within the same category as that which includes the same qualifying purpose.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1985 c. 68."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/2121/regulation/5",
    "retrieved_at": "2026-10-29T12:36:52.499042+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}