# The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2010, Regulation 4: Use of capital receipts


In regulation 23—
(a) in paragraph (e), omit the word “administrative”;
(b) at the end of paragraph (f), omit “or”; and
(c) after paragraph (g), insert—
“(h) to meet the costs of or incidental to a disposal of an interest in land other than housing land, provided these do not exceed 4% of the capital receipt arising from the disposal; or
(i) to make all or part of a payment to a person, where the obligation to make that payment arises on the disposal of an asset, as a result of an agreement made at the time of the acquisition of that asset, or in relation to such an agreement.”.

---
Source: https://www.legislation.gov.uk/uksi/2010/454/regulation/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-amendment-england-regulations-2010/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.