# Local Government Act 2003, Section 10: Non-money receipts


(1) The Secretary of State may by regulations apply section 9 to cases where—
(a) a local authority makes a disposal of the kind mentioned in subsection (1) of that section and the consideration for the disposal does not consist wholly of money payable to the authority, or
(b) a local authority receives otherwise than in the form of money anything which, if received in that form, would be a capital receipt under that section.
(2) Regulations under subsection (1) may, in particular—
(a) make provision for a local authority to be treated as receiving a sum of such an amount as may be determined under the regulations;
(b) make provision about when the deemed receipt is to be treated as taking place.

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Source: https://www.legislation.gov.uk/ukpga/2003/26/section/10 (the official version)
Page: https://openlegislation.uk/local-government-act-2003/section-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.