Local Government Act 2003

47 BID Revenue Account E+W

(1) A billing authority which has made BID arrangements must, in accordance with proper practices, keep an account, to be called the BID Revenue Account.

(2) Amounts paid to the authority by way of BID levy must be credited to the BID Revenue Account.

(3) Amounts are to be debited to the BID Revenue Account only in accordance with BID arrangements.

(4) The Secretary of State may by regulations make further provision in relation to the BID Revenue Account.

Modifications etc. (not altering text)

C1 Ss. 44-47 modified (W.) (13.5.2005) by Business Improvement Districts (Wales) Regulations 2005 (S.I. 2005/1312), regs. 1(1), 16(5)(b), 17(3)(b)

C2 S. 47 power to amend or apply (with modifications) conferred (16.7.2014 for E. for specified purposes, 2.12.2014 for E. in so far as not already in force) by Business Rate Supplements Act 2009 (c. 7), s. 32, Sch. 2 para. 10(1) (with s. 31); S.I. 2014/1860, art. 2; S.I. 2014/3200, art. 2

C3 S. 47(3) applied (with modifications) (16.7.2014 for E. for specified purposes, 2.12.2014 for E. in so far as not already in force) by Business Rate Supplements Act 2009 (c. 7), s. 32, Sch. 2 para. 9(3) (with s. 31); S.I. 2014/1860, art. 2; S.I. 2014/3200, art. 2

Commencement Information

I1 S. 47 in force at 18.11.2003 for E. by S.I. 2003/2938, art. 3(a) (with art. 8, Sch.)

I2 S. 47 in force at 27.11.2003 for W. by S.I. 2003/3034, art. 2, Sch. 1 Pt. I