Local Government Finance Act 1988
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Change 1
92 General funds: supplementary.
(1) In this section “relevant authority” has the same meaning as in section 91 above. (2) The Secretary of State may make regulations— (a) about the relationship of a relevant authority’s general fund to its other funds; (b) providing for assets falling within a relevant authority’s general fund to be held in separate funds within the general fund. (3) The regulations may provide that any fund established by a relevant authority on or after 1 April 1990, other than its collection fund or a trust fund, is to be maintained as a separate fund falling within its general fund. (4) The regulations may provide that such assets as are transferred to a relevant authority’s general fund under section 91(6), (7) or (8) above and fall within a prescribed description shall be held in separate funds falling within the general fund; and the number and composition of the separate funds shall be such as are prescribed.
92 General funds: supplementary.
(1) In this section “relevant authority” has the same meaning as in section 91 above. (2) The Secretary of State may make regulations— (a) about the relationship of a relevant authority’s general fund to its other funds; (b) providing for assets falling within a relevant authority’s general fund to be held in separate funds within the general fund. (3) The regulations may provide that any fund established by a relevant authority on or after 1 April 1990, other than its collection fund or a trust fund, is to be maintained as a separate fund falling within its general fund. (4) The regulations may provide that such assets as are transferred to a relevant authority’s general fund under section 91(6), (7) or (8) above and fall within a prescribed description shall be held in separate funds falling within the general fund; and the number and composition of the separate funds shall be such as are prescribed.
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