Part III Financial Provisions

Chapter IV Revenue Accounts and Capital Finance

Supplementary provisions

126 Interpretation of Chapter IV.

F11

In this Chapter—

  • “capital expenditure” and “capital receipt” have the same meaning as in Chapter 1 of Part 1 of the Local Government Act 2003 (capital finance);

  • “capital spending plan” means a capital spending plan under section 122 above.

2

References in this Chapter to credit arrangements, or to entering into credit arrangements, shall be construed in accordance with F2Chapter 1 of Part 1 of the Local Government Act 2003 (see section 7 of that Act).