The Local Authority (Capital Finance and Accounting) (Scotland) Regulations 2016 No. 123

PART 4 S Loans funds

Duty to maintain a loans fund S

12.—(1) A local authority must maintain a loans fund.

(2) A loans fund must be administered in accordance with these Regulations, proper accounting practices and prudent financial management.

Commencement Information

I1 Reg. 12 in force at 1.4.2016, see reg. 1(1)