Explanatory Notes

Local Government Act 2003

2003 CHAPTER 26

18th September 2003

Commentary on Sections

Part 4: Business Improvement Districts

Section 47: BID Revenue Account

88.Section 47 provides that a billing authority which has made BID arrangements must keep a separate account for the BID levy revenue, i.e. the revenue is ring-fenced and may only be used for BID purposes.