C1PART 1FINANCIAL ADMINISTRATION
Funds
I18The general fund
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.
I29Power to establish other funds
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.
I310Limitation on application of funds
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.
Pt. 1 applied with modifications (2.4.2012) by The Local Government (Constituting Joint Committees as Bodies Corporate) Order (Northern Ireland) 2012 (S.R. 2012/10), arts. 1, 4