# The Local Authorities (Capital Finance) (Consequential, Transitional and Saving Provisions) Order 2004, Article 4: Keeping of the Housing Revenue Account – debits to the Account


In Part II of Schedule 4 to the 1989 Act (keeping of the Housing Revenue Account – debits to the Account), for item 2 (expenditure for capital purposes) there shall be substituted—
“Item 2: capital expenditure
Any expenditure of the authority in respect of houses and other property within the account—
(a) which is capital expenditure for the year; and
(b) which the authority decide should be charged to a revenue account for the year.
In this item “capital expenditure” means expenditure which is capital expenditure for the purposes of Chapter 1 of Part 1 of the Local Government Act 2003 (capital finance).”.

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Source: https://www.legislation.gov.uk/uksi/2004/533/article/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-consequential-transitional-and-saving-provisions-order-2004/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.