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Local Government Finance Act (Northern Ireland) 2011

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Changes over time for: Cross Heading: Funds

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There are currently no known outstanding effects for the Local Government Finance Act (Northern Ireland) 2011, Cross Heading: Funds. Help about Changes to Legislation

FundsN.I.

The general fundN.I.

8  Subject to section 9, all income of a council shall be carried to a fund to be called “the general fund”, and all expenditure falling to be discharged by the council shall be discharged out of that fund.

Modifications etc. (not altering text)

Commencement Information

I1S. 8 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)

Power to establish other fundsN.I.

9—(1) A council may, in addition to any other fund established under this Part, establish such funds as it considers appropriate.

(2) Any income arising from the investing of the money in any fund established under this section, or otherwise from the application of the fund, shall be carried to the fund.

Modifications etc. (not altering text)

Commencement Information

I2S. 9 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)

Limitation on application of fundsN.I.

10—(1) A council shall not directly or indirectly apply any money under its control for any purpose not authorised specifically or generally by a statutory provision.

(2) A council shall not directly or indirectly apply any money derived from trust funds for any purpose not authorised by the specific trusts affecting those funds.

Modifications etc. (not altering text)

Commencement Information

I3S. 10 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)

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