PART IIICHARGE OF EXPENDITURE TO REVENUE ACCOUNTS

Expenditure excluded from section 41(1)4

Expenditure in respect of which a local authority have made a determination under section 42(2)(g) shall not be expenditure falling within section 42(2) where the expenditure is, or is to be, met out of a contribution made, or to be made, under section 516(1) of the Housing Act 19853 and the contribution is, or is to be, paid–

a

in annual sums payable in respect of a period of ten years or more; or

b

by way of commuted payments within the meaning of section 157.