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Local Government Act 2003

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This is the original version (as it was originally enacted).

10Non-money receipts
This section has no associated Explanatory Notes

(1)The Secretary of State may by regulations apply section 9 to cases where—

(a)a local authority 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 authority, or

(b)a local authority 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 local authority 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.

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