{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounts-england-regulations-2000/regulation-2",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounts-england-regulations-2000/regulation-2.json",
  "legislation": "uksi/2000/3237",
  "legislation_title": "The Local Authorities (Capital Finance and Accounts) (England) Regulations 2000",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounts-england-regulations-2000",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Local Authorities (Capital Finance) Regulations 1997",
  "text": "(1) The Local Authorities (Capital Finance) Regulations 1997 shall be amended as follows:\n(2) Insert the following regulation after regulation 12—\n“Expenditure not required to be charged to a revenue account—expenditure for capital purposes on property within the Housing Revenue Account\n12A Expenditure which—\n(a) is expenditure for capital purposes in respect of any land, houses or other property to which section 74(1) of the Act (duty to keep Housing Revenue Account) for the time being applies;\n(b) does not fall within either section 42(2)(a) to (i) of the Act or regulation 12; and\n(c) but for this regulation, would be required to be carried to the debit of the Housing Revenue Account of the authority under item 2(a) of Part II of Schedule 4 to the Act,\nshall be expenditure falling within section 42(2).”.\n(3) Insert the following regulation after regulation 59—\n“Disposal of mortgage portfolio\n59A A sum received by a local authority in respect of the disposal of the authority’s rights and obligations as mortgagee of any land, house or other real property, if it is not a capital receipt by virtue of section 58(1) (capital receipts), shall be a capital receipt.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1997/319."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2000/3237/regulation/2",
    "retrieved_at": "2026-10-29T08:09:17.561218+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}