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Local Authority Capital Receipts

Volume 229: debated on Friday 23 July 1993

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To ask the Secretary of State for the Environment when he will update the forecast of local authorities' extra capital expenditure arising from the temporary relaxation in the capital receipt rules; and when he expects to consult the local authority associations about the effect to date of the relaxation.

Local authorities' estimates of the capital receipts they expect to receive during the period of the temporary relaxation in the rules will be published in due course once authorities' returns have been received and processed. It is for local authorities to decide the spending of their usable capital receipts. We will consider any representations on this subject made by the local authority associations at the meeting of the Consultative Council on Local Government Finance on 22 July.