- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
13.—(1) Any sum paid into a billing authority’s collection fund which is not immediately required for the purpose of making payments or transfers from that fund shall be—
(a)held in cash;
(b)invested in a prescribed investment; or
(c)transferred to the billing authority’s general fund.
(2) Any sum transferred under paragraph (1) from an authority’s collection fund to its general fund shall be—
(a)held in cash;
(b)invested in a prescribed investment; or
(c)used for the discharge of the authority’s functions.
(3) A prescribed investment is an investment prescribed in Schedule 3 to these Regulations.
(4) Where a sum has been transferred to its general fund under paragraph (1), a billing authority shall—
(a)immediately retransfer the sum if such a retransfer is required to enable the authority to meet payments or transfers from its collection fund; and
(b)otherwise retransfer the sum as and when it thinks fit.
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