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Regulation 4 Advances and grants for building worksI1

England and Wales Not yet in force

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

(1)

In this regulation, “relevant expenditure” means expenditure incurred by a local authority on the making of advances, grants or other financial assistance to any person towards exenditure incurred or to be incurred by that person on—

(a)

the carrying out of works such as are mentioned in regulation 3; or

(b)

the carrying out of works which are intended to increase substantially the extent to which a building or part of a building can or will be used for any purpose.

(2)

Relevant exenditure incurred by a local authority, in so far as it is not expenditure for capital purposes by virtue of section 40(4), and is not expenditure on approved investments, shall be expenditure for capital purposes.

Annotations

Commencement

I1

Reg. 4 in force at 1.4.1997, see reg. 1(1)(b)