Capitalisation directions (excluding equal pay) 2011 to 2012: policy and procedures guidance

This guidance note sets out the procedures for the issue of capitalisation directions by the Secretary of State for 2011 to 2012.


Capitalisation directions (excluding equal pay) 2011-12: policy and procedures - Guidance

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The guidance sets out the government’s policy, application assessment criteria and process timetables for issuing capitalisation directions to local authorities for financial year 2011 to 2012.

Capitalisation directions permit local authorities to fund expenditure by borrowing or capital receipts, which would under normal accounting rules, need to be funded from revenue resources.

Published 2 March 2011