Part III U.K. Financial Provisions

Chapter IV U.K. Revenue Accounts and Capital Finance

Supplementary provisions E+W+S

126 Interpretation of Chapter IV. E+W+S

[F1 (1)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 [F2 Chapter 1 of Part 1 of the Local Government Act 2003 (see section 7] of that Act).

Textual Amendments

F1 S. 126(1) substituted (1.4.2004) by Local Government Act 2003 (c. 26), s. 128(3)(e), Sch. 7 para. 78(2); S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)

F2 Words in s. 126(2) substituted (1.4.2004) by Local Government Act 2003 (c. 26), s. 128(3)(e), Sch. 7 para. 78(3); S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)