The Local Government (Prescribed Expenditure) (Works) Regulations 1987
Section 72(3) of the Local Government, Planning and Land Act 1980 limits the prescribed expenditure of a local authority and other bodies to which Part VIII of the Act applies. “Prescribed expenditure” is essentially expenditure of a capital nature. Section 80A of the Local Government, Planning and Land Act 1980 (inserted by the Local Government Act 1987) regulates the amount of prescribed expenditure that authorities and other bodies are taken to have incurred when capital works are carried out for them and the time at which it is treated as incurred.