OpenLegislation

Regulation 64 InterpretationI1

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:

In this Part—

  • “nil per cent. receipt” means a capital receipt of which the reserved part is nil per cent. by virtue of regulation 65;

  • “the authority”, in relation to a capital receipt, means the local authority by whom the receipt is received; and

  • “reserved part”, in relation to a capital receipt received by a local authority, means the amount or the percentage of the receipt which is the reserved part of the receipt for the purposes of section 59 (the reserved part of capital receipts).

Annotations

Commencement

I1

Reg. 64 in force at 1.4.1997, see reg. 1(1)(b)