The Local Authorities (Capital Finance) (Amendment) (No.3) Regulations 1992
Section 59(2) of the Local Government and Housing Act 1989 provides that the reserved part of a local authority’s capital receipts shall be 75% in the case of receipts in respect of the disposal of certain dwelling-houses and 50% in other cases. Different percentages are specified in regulation 14 of, and Schedule 1 to, the Local Authorities (Capital Finance) Regulations 1990 in the case of the receipts described in that Schedule.