Regulation 13 Sums not to be capital receipts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg.13(3)(a) amended by Local Authorities (Capital Finance and Approved Investments) 1996 reg.6
reg.13(3) added by Local Authorities (Capital Finance and Approved Investments) 1995 reg.6
reg. 13 amended by Local Authorities (Capital Finance) 1991
reg. 13(2) added by Local Authorities (Capital Finance) 1991

Any sums received by a local authority in respect of a payment such as is mentioned in section 58(1)(c) shall not be capital receipts unless the payment is made by the person to whom a grant or financial assistance is or was made by the local authority.