§ The Parliamentary Under-Secretary of State, Office of the Deputy Prime Minister (Mr. Tony McNulty)The Office of the Deputy Prime Minister yesterday laid before Parliament an amendment to The Local Authority (Capital Finance) Regulations 1997 to allow local authorities to use up to 100 per cent, of the capital receipt they receive from the disposal of certain housing assets, excluding right to buy sales and large and small scale voluntary transfers, for the provision of affordable housing.
Copies of the regulation have been placed in both House Libraries.