# The Local Authorities (Capital Finance) (Amendment No. 3) Regulations 1996, Regulation 5: Capital receipts not wholly in money paid to the authority


In regulation 20, for paragraph (3B) substitute the following paragraph —
“(3B) In the case of non-monetary consideration which —
(a) is received by a local authority in respect of the disposal of an interest in land under or in connection with a relevant transaction within the meaning of regulation 7C, 7D, or 7E above; and
(b) is consideration received by the authority under that transaction,
the reserved part of the notional capital receipt shall be nil.”.

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Source: https://www.legislation.gov.uk/uksi/1996/2539/regulation/5 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1996/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.