- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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Local Government Finance Act 1988
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Changes over time for: Section 89
Version Superseded: 28/11/1994
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89 Collection funds.E+W
(1)Every [F1billing authority] shall establish, and then maintain, a fund (to be called its collection fund) in accordance with this Part.
(2)An authority’s collection fund must be established on 1 April 1990.
(3)Section 101(1)(b) of the M1Local Government Act 1972 (delegation) shall not apply as regards the functions of an authority in relation to its collection fund.
(4)Any sum paid into an authority’s collection fund shall be used in [F2the making] of payments which are to be met from that fund or of transfers which are to be made from it.
(5)If not immediately required for the purpose of [F3making] those payments or transfers, the sum shall be held, invested or otherwise used in such manner as may be prescribed by regulations made by the Secretary of State.
Textual Amendments
F1Words in s. 89(1) substituted (6.3.1992) by 1992 c. 14, s. 104, Sch. 10 Pt. II para.19 (with s. 118(1)(2)(4))
F2Words substituted by Local Government and Housing Act 1989 (c. 42, SIF 81:1), s. 139, Sch. 5 para. 62
F3Word substituted by Local Government and Housing Act 1989 (c. 42, SIF 81:1), s. 139, Sch. 5 para. 62
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