PART IIICHARGE OF EXPENDITURE TO REVENUE ACCOUNTS
Expenditure excluded from section 41(1)
4. Expenditure in respect of which a local authority have made a determination under section 42(2)(g) shall not be expenditure falling within section 42(2) where the expenditure is, or is to be, met out of a contribution made, or to be made, under section 516(1) of the Housing Act 1985(1) and the contribution is, or is to be, paid–
(a)in annual sums payable in respect of a period of ten years or more; or
(b)by way of commuted payments within the meaning of section 157.
(1)
1985 c. 68. Section 516 is amended by section 132(5) of the Local Government and Housing Act 1989.