The Lee Valley Regional Park Authority (Capital Finance) Regulations 1991
These Regulations prescribe the Lee Valley Regional Park Authority as a body to which the capital finance system for local authorities under Part IV of the Local Government and Housing Act 1989 is to apply from 1st April 1991, subject to the modifications specified. The modifications–substitute appropriate references to 1991, in place of 1990;disapply the provision in section 52 of the 1989 Act regarding transitional credit arrangements;provide that capital money from certain disposals of land received before 1st April 1991 which is unapplied shall be included in the usable part of an authority’s capital receipts;disapply provisions regarding non-monetary consideration received before the capital finance system applies