# The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2007, Regulation 2: Expenditure to be capital expenditure


In regulation 25 of the Principal Regulations (expenditure to be capital expenditure)—
(a) in paragraph (1), after sub-paragraph (e), insert—
“(ea) expenditure incurred on the acquisition or production of assets for use by a person other than the local authority which would be capital expenditure if those assets were acquired or, as the case may be, produced for use by the local authority; and”; and
(b) in paragraph (3), after sub-paragraph (b), insert—
“; or
(c) an investment in the shares of a company to which Part 4 of the Finance Act 2006 (Real Estate Investment Trusts) applies,”.

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Source: https://www.legislation.gov.uk/uksi/2007/573/regulation/2 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2007/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.