The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 No. 3146

PART 7 E+W ACCOUNTS

[F1 Accounting for capital expenditure E+W

29A.   Where expenditure of a local authority—

(a) is expenditure which falls to be capitalised in accordance with proper practices (“capital expenditure”); or

(b) is treated as being capital expenditure by virtue of regulations made, or a direction given, under section 16(2),

that expenditure need not be charged to a revenue account of the local authority.]

Textual Amendments

F1 Reg. 29A inserted (1.4.2007) by The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2007 (S.I. 2007/573), regs. 1(1), 4