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Housing (Financial Provisions) (Scotland) Act 1972
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- UK Public General Acts
- 1972 c. 46
- SCHEDULE 4
- Working Balances
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Working Balances
5(1)Subject to paragraph 6 of this Schedule, the local authority may retain in the account any amount by way of working balance and any such amount shall be treated as a debit to the account for the purposes of section 28 or 29 of this Act.
(2)An amount so retained in the account for any year shall be carried forward and treated as an item of income in the account for the next following year for the purposes of section 28 or 29 of this Act.
6(1)Subject to sub-paragraph (2) below, the working balance at the end of a year shall not exceed an amount per house of £30.
(2)A local authority shall not create or hold a working balance for any year for which they are required to carry an amount to the credit of the account under paragraph 1(5) of this Schedule.
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