assetmeans– (a) any tangible asset, including (in particular) any land, house or other building, plant, machinery, vehicle, vessel, apparatus or equipment;
credit approvalmeans any supplementary credit approval which– (a) is issued to the authority in respect of expenditure which is treated as expenditure for capital purposes by virtue only of directions under section 40(6) (capital purposes);
housing landmeans any land, house or other building in respect of which sums fall to be credited or debited in accordance with section 74 (duty to keep Housing Revenue Account);”
relevant assetmeans any asset apart from housing land;
relevant credit approvalmeans any supplementary credit approval other than one which is a credit approval within the meaning given to that expression in regulation 136;”
worksmeans any works consisting of the construction, enhancement, replacement or installation of an asset, apart from works consisting of the construction of a house or other dwelling on housing land. 2 For the purposes of this Part, a transaction is a private finance transaction if– a the consideration received by the authority under the transaction includes– i the provision or making available of a relevant asset or the carrying out of works for the purposes of, or in connection with, the discharge of a function of the authority;