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LOCAL GOVERNMENT ACT (NORTHERN IRELAND) 1972 - SECT 59

Proceeds of sale of capital assets.

59. Any capital money derived from the sale of any asset held by a council
shall be applied towards the repayment of any money borrowed by the council
for the purpose of acquiring that asset or, with the approval of the Ministry,
be applied for any purpose to which capital is properly applicable.

© 1972 Crown Copyright

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