# The London Government Reorganisation (Mortgages) Order 1988, Paragraph 2


The amount to be included in the net capital receipts of any authority by virtue of article 8(1) shall be an amount equal to 20% of the appropriate percentage of the net capital residue for the financial year in question:
Provided that if the net capital residue for any year is a negative amount, no amount shall be added to any authority’s net capital receipts for that year.

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Source: https://www.legislation.gov.uk/uksi/1988/1747/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.