HC Deb 08 July 1980 vol 988 c402
402
§
Amendments made: No. 143, in page 48, line 36, leave out subsection (1) and insert—
'(1) Subject to the following provisions of this section and to any regulations under subsection (4) below, for the purposes of this Act an authority's capital receipts are equal—
- (a) to any sums received by the authority before the commencement date in respect of the disposals and repayments mentioned in subsection (2) and (3) below, less the amount spent by the authority before that date out of any such sums (for whatever purpose); and
- (b) to any sums received by the authority on or after the commencement date in respect of those disposals and repayments, without any deduction.'.
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No. 144, in page 49, line 5, at end add—
'(3A) Where—
- (a) the authority dispose—
- (i) of an interest in land which confers a right to occupy the land but is not a freehold interest, or
- (ii) of an interest in goods other than the property in them; or
- (b) any such interest belonging to the authority comes to an end by any means, there shall be included in the capital receipts of the authority a sum equal to the amount which under section 67 below the authority would have been taken to have paid for the acquisition of the interest if it had acquired it at the date when it disposed of it or when the interest came to an end.'.
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No. 146, in page 49, line 22, at end add—
'(e) that sums which are not capital receipts for the purposes of this Part of this Act by virtue of subsection (1) above shall be capital receipts for those purposes'.—[Mr. Fox.]