C1PART 1FINANCIAL ADMINISTRATION
Annotations:
Modifications etc. (not altering text)
Capital receipts
I121Non-money receipts
1
Regulations may apply section 20 to cases where—
a
a council 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 council, or
b
a council 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 council 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.
Pt. 1 applied with modifications (2.4.2012) by The Local Government (Constituting Joint Committees as Bodies Corporate) Order (Northern Ireland) 2012 (S.R. 2012/10), arts. 1, 4