HC Deb 06 December 1988 vol 143 c151W
Mr. Speller

To ask the Secretary of State for the Environment how much cash received by district councils from the sale of council housing is at present frozen(a) in total and (b) within each district council of Devon.

Mr. Trippier

Under the Local Government, Planning and Land Act 1980, a local authority may in any year use 20 per cent. of its accumulated and in-year receipts from the sale of council houses for prescribed expenditure as defined by schedule 12 to the Act and regulations made under it. It may also at its discretion use receipts to redeem debt or to finance expenditure which is not prescribed expenditure but which is properly chargeable to capital account.