{
  "url": "https://openlegislation.uk/local-government-act-2003-commencement-no-1-and-transitional-provisions-and-savings-order-2003/schedule/paragraph-18",
  "json_url": "https://openlegislation.uk/local-government-act-2003-commencement-no-1-and-transitional-provisions-and-savings-order-2003/schedule/paragraph-18.json",
  "legislation": "uksi/2003/2938",
  "legislation_title": "The Local Government Act 2003 (Commencement No. 1 and Transitional Provisions and Savings) Order 2003",
  "legislation_url": "https://openlegislation.uk/local-government-act-2003-commencement-no-1-and-transitional-provisions-and-savings-order-2003",
  "path": "schedule/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": "Capital finance—Part 1 of the Act",
  "text": "The usable part of any capital receipt—\n(a) within the meaning of section 60(2) of the 1989 Act (the usable balance of capital receipts); and\n(b) which is not applied by the local authority in any financial year beginning before 1st April 2004,\nshall be treated as if it were a capital receipt within the meaning of section 9 of the Act (“capital receipt”) for the purposes of Chapter 1 of Part 1 of the Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/2938/schedule/paragraph/18",
    "retrieved_at": "2026-10-29T05:45:04.487560+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."
}