PART GREVENUE ACCOUNTS AND CAPITAL FINANCE OF THE AUTHORITY
Expenditure excluded from article G3(1)G4
1
Expenditure falling within paragraph (2) below is excluded from the obligation in article G3(1) above but, if it is consistent with proper practices and the Authority so wish, any such expenditure may be charged to a revenue account of the Authority for the financial year in which it is incurred or an earlier or later financial year.
2
Subject to paragraph (4) below, the expenditure referred to in paragraph (1) above is as follows—
a
expenditure arising from the discharge of any liability of the Authority under a credit arrangement, other than an arrangement excluded from paragraph 2(1) of Schedule 3 to this Order by virtue of the application of paragraph 2(2) of Schedule 3 to this Order;
b
expenditure arising from the discharge of any liability of the Authority in respect of money borrowed by the Authority, other than a liability in respect of interest;
c
expenditure which, in reliance on a credit approval, the Authority has determined under article G17(a) below is not to be chargeable to a revenue account of the Authority;
d
expenditure on making approved investments;
e
expenditure consisting of the application or payment of capital receipts as mentioned in paragraphs (6) and (7) of article G20 below;
f
expenditure which is met out of the usable part of capital receipts, in accordance with article G21(2) below;
g
expenditure for capital purposes which the Authority determines is, or is to be, reimbursed or met out of money provided, or to be provided, by any other person, excluding grants from a Community institution; and
h
expenditure in respect of payments out of a trust fund which is held for charitable purposes and of which the Authority is a trustee.
3
A determination under paragraph (2)(g) above may not be made later than 30th September in the financial year following that in which the expenditure in question is incurred.
4
Where regulations made under section 42(4) of the 1989 Act amend subsection (2) of that section, paragraph (2) above shall be deemed to have been amended to the like effect.
5
Where, by virtue of paragraph (1) above, expenditure of any description is excluded from the obligation in article G3(1) above, it shall also be excluded from any requirement arising under this Order or any other enactment under which the expenditure is required to be charged to a revenue account or any particular account; but if—
a
the Authority decides that expenditure of that description should be charged to a revenue account as mentioned in paragraph (1) above, and
b
under any such requirement that expenditure (apart from this paragraph) would have to be charged to a particular revenue account,
that expenditure may be charged only to that revenue account.