Local Government Finance Act 1988
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Change 1
98 Other transfers between funds.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Regulations under section 89(5) above may include provision that— (a) any sum to which they relate shall be transferred from an authority’s collection fund to its general fund . . .; (b) the sum so transferred shall be held, invested or otherwise used in such manner as may be prescribed; (c) a sum equal to the sum transferred shall be transferred to the authority’s collection fund from its general fund . . .; (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) If the Secretary of State directs it to do so, a billing authority shall transfer from its collection fund to its general fund . . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction. (5) If the Secretary of State directs it to do so, a billing authority shall transfer to its collection fund from its general fund . . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction. (6) Different directions may be given to different authorities under subsection (4) or (5) above.
98 Other transfers between funds.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Regulations under section 89(5) above may include provision that— (a) any sum to which they relate shall be transferred from an authority’s collection fund to its general fund . . .; (b) the sum so transferred shall be held, invested or otherwise used in such manner as may be prescribed; (c) a sum equal to the sum transferred shall be transferred to the authority’s collection fund from its general fund . . .; (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) If the Secretary of State directs it to do so, a billing authority shall transfer from its collection fund to its general fund . . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction. (5) If the Secretary of State directs it to do so, a billing authority shall transfer to its collection fund from its general fund . . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction. (6) Different directions may be given to different authorities under subsection (4) or (5) above.
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