{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-86",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-86.json",
  "legislation": "uksi/1997/319",
  "legislation_title": "The Local Authorities (Capital Finance) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-regulations-1997",
  "path": "regulation/86",
  "kind": "regulation",
  "number": "86",
  "heading": "Capital receipts derived from disposals made to assist regeneration",
  "text": "(1) In this regulation—\n“relevant land” means any land which—\n(a) before 1st April 1994, was situated within a ward which is named in the List of Wards in Areas of Need in England published in February 1997 by the Department of the Environment, or within a ward which is not named in that publication, but has a boundary adjoining the boundary of a ward which is named in that publication; or\n(b) before 1st February 1997, was situated within a ward which is named in the List of Wards in Areas of Need in Wales published in February 1997 by the Welsh Office; and\n“relevant disposal” means a disposal which falls within any of the descriptions of disposal specified for the purposes of this regulation in regulations 87 to 92.\n(2) Capital receipts of a description specified in paragraph (3) shall be treated for the purposes only of section 59 as reduced by an amount determined in accordance with regulation 93.\n(3) For the purposes of paragraph (2), capital receipts derived from a relevant disposal are specified where—\n(a) the authority decided to make the disposal not more than five years before the date of the disposal or, if earlier, the date on which the capital receipts are received; and\n(b) at the time of that decision, the authority also decided to contribute towards the costs of undertaking a regeneration project on any relevant land situated within their area.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 86 in force at 1.4.1997, see reg. 1(1)(b)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Copies of the publication can be obtained from Floor 5/F2—Eland House, Bressenden Place, London SW1E 5DU."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Copies of the publication can be obtained from Planning Division,Welsh Office, Cathays Park, Cardiff CF1 3NQ."
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1997/848",
      "affecting_title": "The Local Authorities (Capital Finance) (Amendment) Regulations 1997"
    },
    {
      "type": "coming into force",
      "affecting": "uksi/1997/319",
      "affecting_title": "The Local Authorities (Capital Finance) Regulations 1997"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/319/regulation/86",
    "retrieved_at": "2026-10-29T12:25:41.411541+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}