The Local Authorities (Capital Finance) (Consequential Amendments) Order 1990

• Citation: S.I. 1990/778
• Sections: 11

Section 1

(1) This Order may be cited as the Local Authorities (Capital Finance) (Consequential Amendments) Order 1990.

(2) This Order shall come into force on 1st April 1990.

Section 2

The provisions mentioned in the Schedule to this Order are hereby amended as so mentioned.

Section 1 The Housing Act 1988 (c. 50)

In section 74(6)—

(a) in paragraph (a) for the words from “prescribed expenditure” onwards there shall be substituted “expenditure for capital purposes for the purposes of Part IV of the Local Government and Housing Act 1989 (revenue accounts and capital finance of local authorities);” and

(b) in paragraph (b) for “75(2)” there shall be substituted “58(1)(a)” .

Section 2 The Housing Act 1988 (c. 50)

In section 104(5) for the words “Part VIII of the Local Government, Planning and Land Act 1980 (capital expenditure of local authorities)” there shall be substituted “Part IV of the Local Government and Housing Act 1989 (revenue accounts and capital finance of local authorities)” and for the words “prescribed expenditure” there shall be substituted “expenditure for capital purposes”.

Section 3 The Local Government Reorganisation (Capital Money) (Metropolitan Counties) Order 1986 ( S.I. 1986/2063 )

In article 4—

(a) in paragraph (1), for the words “year beginning 1st April 1987 and all subsequent years” there shall be substituted “years beginning 1st April 1987, 1st April 1988 and 1st April 1989 and for the purposes of Part IV of the Local Government and Housing Act 1989 the capital receipts of each charging authority for all subsequent financial years”, and at the end of that paragraph there shall be added

and

(d) for any financial year beginning on or after 1st April 1990, the amount of the expenditure referred to in article 5(1)(b).

(b) at the end of paragraph (4) there shall be added “and for the purposes of Part IV of the Local Government and Housing Act 1989 the reserved part of amounts to be included in the capital receipts of any charging authority shall be 50 per cent.” .

Section 4 The Local Government Reorganisation (Capital Money) (West Midlands) Order 1986 (S.I. 1986/2093 )

In article 6—

(a) in paragraph (2), for the words “each financial year commencing with the financial year beginning 1st April 1987” there shall be substituted “the financial years beginning 1st April 1987, 1st April 1988 and 1st April 1989”, and at the end of that paragraph there shall be added

and for the purposes of Part IV of the Local Government and Housing Act 1989 the capital receipts of each charging authority for all subsequent financial years shall be treated as if they included an amount equal to—

(a) the relevant proportion of the net capital residue,

less

(b) the amount of the expenditure referred to in article 3(b).

(b) at the end of paragraph (3) there shall be added “and for the purposes of Part IV of the Local Government and Housing Act 1989 the reserved part of amounts to be included in the capital receipts of any charging authority shall be 50 per cent.”.

Section 5 The Tyne and Wear Residuary Body (Winding Up) Order 1988 (S.I. 1988/1590 )

In article 7—

(a) in paragraph (1), after the words “the 1980 Act” there shall be inserted “and Part IV of the Local Government and Housing Act 1989”;

(b) at the end of paragraph (3) there shall be added “and the reserved part of amounts to be treated by virtue of this article as capital receipts of a local council for the purposes of Part IV of the Local Government and Housing Act 1989 shall be 50 percent.”; and

(c) at the end of paragraph (4) there shall be added “and Part IV of the Local Government and Housing Act 1989.”.

Section 6 The London Government Reorganisation (Mortgages) Order 1988 (S.I. 1988/1747 )

In article 8—

(a) in paragraph (1), for the words “each financial year commencing with the financial year beginning 1st April 1988” there shall be substituted “the financial years beginning 1st April 1988 and 1st April 1989”;

(b) after paragraph (1) there shall be inserted the following paragraph—

(1A) For the purposes of Part IV of the Local Government and Housing Act 1989 the capital receipts of each local housing authority in London for financial years beginning on or after 1st April 1990 shall be treated as if they included an amount equal to the appropriate percentage of the appropriate capital sum for the financial year in question determined in accordance with Schedule 1, and for such purposes the reserved part of any such amount shall be 75 per cent.

(c) at the end of paragraph (2) there shall be added “and Part IV of the Local Government and Housing Act 1989.” .

Section 7 The South Yorkshire Residuary Body (Winding Up) Order 1989 (S.I. 1989/814

In article 7—

(a) in paragraph (1) after the words “1980 Act” there shall be inserted “and Part IV of the Local Government and Housing Act 1989”;

(b) at the end of paragraph (3) there shall be added “and the reserved part of amounts to be treated by virtue of this article as capital receipts of a local council for the purposes of Part IV of the Local Government and Housing Act 1989 shall be 50 per cent.”; and

(c) at the end of paragraph (4) there shall be added “and Part IV of the Local Government and Housing Act 1989.”.

Section 8 The Greater Manchester Residuary Body (Winding Up) Order 1989 (S.I. 1989/1359

In article 7—

(a) in paragraph (1) after the words “1980 Act” there shall be inserted “and Part IV of the Local Government and Housing Act 1989”;

(b) at the end of paragraph (3) there shall be added “and the reserved part of amounts to be treated by virtue of this article as capital receipts of a local council for the purposes of Part IV of the Local Government and Housing Act 1989 shall be 50 per cent.”; and

(c) at the end of paragraph (4) there shall be added “and Part IV of the Local Government and Housing Act 1989.”.

Section 9 The Merseyside Residuary Body (Winding Up) Order 1989 (S.I. 1989/2470 )

In article 8—

(a) in paragraph (1) after the words “1980 Act” there shall be inserted “and Part IV of the Local Government and Housing Act 1989”;

(b) at the end of paragraph (3) there shall be added “and the reserved part of amounts to be treated by virtue of this article as capital receipts of a local council for the purposes of Part IV of the Local Government and Housing Act 1989 shall be 50 per cent.”; and

(c) at the end of paragraph (4) there shall be added “and Part IV of the Local Government and Housing Act 1989.”.