# The Local Authorities (Capital Finance) Regulations 1997, Regulation 63: Repayment of grants

Extent: E+W
Status: prospective

A sum received by a local authority which, apart from this regulation, would be a capital receipt by virtue of section 58(1)(c) shall not be a capital receipt if it is paid by a person other than the person to whom the authority gave the grant or other financial assistance in relation to which the sum is paid.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/63 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-63
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.