# The Local Authorities (Capital Finance and Accounting) (Wales) Regulations 2003, Regulation 7: Disposal of mortgage portfolio

Extent: E+W

For the purposes of Chapter 1 of Part 1, a sum received by a local authority in respect of the disposal of the authority’s rights and obligations as mortgagee of any housing land which, apart from this regulation, would not be a capital receipt must be treated as a capital receipt.

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Source: https://www.legislation.gov.uk/wsi/2003/3239/regulation/7 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-regulations-2003/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.