# The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2007, Regulation 4: Accounting for capital expenditure


After regulation 29 of the Principal Regulations (commutation adjustment), at the beginning of Part 7 (accounts), insert—
“Accounting for capital expenditure
29A. Where expenditure of a local authority—
(a) is expenditure which falls to be capitalised in accordance with proper practices (“capital expenditure”); or
(b) is treated as being capital expenditure by virtue of regulations made, or a direction given, under section 16(2),
that expenditure need not be charged to a revenue account of the local authority.”.

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Source: https://www.legislation.gov.uk/uksi/2007/573/regulation/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2007/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.