§
Amendments made: No. 95, in page 55, line 5, after 'if', insert
'at the time of disposal'.
No. 224, in page 55, line 25, at end insert
'but, in the case of a disposal made before that date, the reference in paragraph (a) or, as the case may be, paragraph (b) of subsection (1) above to the time of the disposal shall be construed as a reference to 1st April 1990'.
No. 96, in page 55, line 26, at beginning insert
'Subject to subsection (3B) below'.
No. 97, in page 55, line 30, leave out from beginning to 'sums' in line 32 and insert
'are represented in the authority's accounts for the financial year ending immediately before that date either by amounts shown as capital receipts which are unapplied as at the end of that year or by amounts included in the balance as at the end of that year of any fund established by the authority under paragraph 16 of Schedule 13 to the Local Government Act 1972, those'.
No. 98, in page 55, line 35, at end insert—
'(3A) So far as may be necessary for the purposes of this Part, a local authority shall identify which (if any) sums falling within paragraphs (a) and (b) of subsection (3) above are represented by amounts included as mentioned in that subsection in the balance of a fund established as so mentioned.
(3B) Subsection (3) above does not apply to a sum in respect of which an amount shown as an unapplied capital receipt or included in a balance as mentioned in that subsection is, on 1st April 1990, held in an investment which is not on that date an approved investment; and, so far as may be necessary for the purposes of this Part, where on that date a local authority hold investments which are not then approved investments, the authority shall identify which (if any) of the amounts so shown or included are to be treated as held in such investments.'.
No. 117, in page 55, line 48, leave out 'seven days' and insert 'three months'.— [Mr. Gummer.]