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(1)A local authority maintaining a museum or art gallery under section 12 of this Act may establish a fund to be used for the purchase of objects for exhibition in any museum or art gallery for the time being so maintained by the authority.
(2)Where at the time a fund is established by it under this section a local authority maintains under a local Act a fund which it is authorised to use for the purchase of such objects as aforesaid, the Minister of Housing and Local Government may, by order made on the application of the local authority, provide for the amalgamation of the funds.
(3)The provisions of Schedule 2 to this Act shall apply with respect to the management of a fund established by a local authority under this section.
(4)This section shall not apply to the council of a parish or the council of a borough included in a rural district.
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