Point in time view as at 05/05/2022.
Local Government Finance Act 1988, Section 92 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(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 [F1section 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.
Textual Amendments
F1Words in S. 92(4) substituted (28.11.1994) by S.I. 1994/2825, reg. 8
Modifications etc. (not altering text)
C1S. 92 applied (28.11.1994) by S.I. 1994/2825, reg. 16(1)(a)
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