# The Local Authorities (Capital Finance) (Amendment No. 3) Regulations 1998, Regulation 4: Sums to be capital receipts


Insert the following regulation after regulation 58—
“Voluntary payments by participant authorities to designated authorities
58A A sum received by a local authority as a designated authority which is paid to them by another local authority under regulation 8(1) of the Local Government Changes for England (Payments to Designated Authorities) (Minimum Revenue Provision) Regulations 1995 shall be a capital receipt.”.

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Source: https://www.legislation.gov.uk/uksi/1998/1937/regulation/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.