PART 7Housing
CHAPTER 3Housing finance
174Capital receipts from disposal of housing land
In section 11 of the Local Government Act 2003 (use of capital receipts by a local authority) after subsection (5) insert—
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The Secretary of State and a local authority in England may enter into an agreement with the effect that a requirement imposed under subsection (2)(b) does not apply to, or is modified in its application to, capital receipts of the authority that are specified or described in the agreement.