The Local Government (Prescribed Expenditure) (Consolidation and Amendment) Regulations 1987
Parts II and III of these Regulations consolidate, with amendments, the Local Government (Prescribed Expenditure) Regulations 1983 (which were amended in 1984, 1985 and 1987), the Local Government (Prescribed Expenditure) (Wales) Regulations 1983 and the Local Government (Prescribed Expenditure) (Works) Regulations 1987. In addition to minor drafting amendments, amendments have been made to up-date statutory references. There are three changes of substance. Payments by a regional health authority are, to the extent that they are used to finance payments in respect of prescribed expenditure, to be treated as capital receipts. Payments of a capital nature by former nationalised industries which have been privatised in recent years are no longer to be treated as capital receipts. Payments of a capital nature by subsidiaries of the bodies mentioned in paragraph 11 of Schedule 2 are to be treated as capital receipts.