# The Local Authorities (Capital Finance) (Amendment) (No. 3) Regulations 1993, Regulation 8: Reserved part of capital receipts: England and Wales


In Part I of Schedule 1–
(a) in paragraph 1, the following sub–paragraph shall be inserted after sub– paragraph (a)–
“(aa) was acquired by the local authority in a public airport company (within the meaning of Part II of the Airports Act 1986) on or after that date–
(i) by way of consideration for the transfer to the company of any property or rights of the authority; or
(ii) in advance of such a transfer by virtue of a scheme under section 15 of that Act; or”; and
(b) after paragraph 5A there shall be added, in column (1), “5B. Sums which are capital receipts by virtue of regulation 12(d).” and, in column (2), “75%”.

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Source: https://www.legislation.gov.uk/uksi/1993/3054/regulation/8 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1993/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.