# The Local Authorities (Capital Finance) (Amendment No. 3) Regulations 1998, Regulation 9: Disposal of investments


Insert the following regulation after regulation 66—
“Disposal of investments
66A The reserved part shall be 50 per cent. in the case of a capital receipt, other than a nil per cent. receipt, which is received in respect of a disposal of an investment which is not an investment in share capital or loan capital in a body corporate.”.

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Source: https://www.legislation.gov.uk/uksi/1998/1937/regulation/9 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-amendment-no-3-regulations-1998/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.