Part VIII E+W Finance

Modifications etc. (not altering text)

C1 Pt. VIII (ss. 147–178) modified by S.I. 1983/249, reg. 2, Sch. 4

Expenses and receipts E+W

148 Principal councils’ funds and accounts. E+W

F1 (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) The council of each county shall keep a fund to be known as the county fund F2 . . .

F1 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3 [(4) All receipts of a county council shall be carried to the county fund, and all liabilities falling to be discharged by that council shall be discharged out of that fund.]

(5) Accounts shall be kept of receipts carried to, and payments made out of,

F4 [(a) the county fund, in the case of a county, and

(b) the collection fund and the general fund established under sections 89 and 91 of the Local Government Finance Act 1988, in the case of a district or London borough;]

, and any account kept in respect of general expenses only of a principal area shall be called the general account of that area and any account kept in respect of any class of special expenses only of any such area shall be called a special account of that area.

[F5 (5A) Subsections (2) and (4) above shall not apply to the council for a county for any financial year for which that council is, by virtue of section 18(1) of the Local Government Act 1992, a billing authority for that year for the purposes of Part I of the Local Government Finance Act 1992.

F5 (5B) For any financial year for which the council for a county is, by virtue of section 18(1) of the Local Government Act 1992, a billing authority for that year for the purposes of Part I of the Local Government Finance Act 1992, subsection (5)(b) above, and not subsection (5)(a), shall apply in the case of the county.]

[F6 (6) This section does not apply in relation to a Welsh county council or county borough council.]

Textual Amendments

F1 S. 148(1)(3) repealed (21.8.1991) by S.I. 1991/1730, arts. 1, 2(1), Sch. 1.

F2 Words repealed by Local Government Act 1985 (c. 51, SIF 81:1), ss. 1, 102, Sch. 17

F3 S. 148(4) substituted (21.8.1991)) by S.I. 1991/1730, arts. 1, 2(2), Sch. 2, Pt. I.

F4 S. 148(5): words in s.148(5) substituted (21. 8. 1991) by S.I 1991/1730, arts. 1, 2(2)(b)

F5 S. 148(5A)(5B) added (28.11.1994) by S.I. 1994/2825, reg. 4

F6 S. 148(6) added (3.4.1995) by 1994 c. 19, s. 38(11), Sch. 12 para. 1 (with ss. 54(5)(7), 55(5), Sch. 17 para. 22(1), 23(2)); S.I. 1995/852, art. 6(1)(3)

Modifications etc. (not altering text)

C2 S. 148(2) modified by Local Government Act 1985 (c. 51, SIF 81:1), s. 63(2)(6)

C3 S. 148(4) applied (with modifications) (28.11.1994) by S.I. 1994/2825, reg. 16(1)(b)

C4 S. 148(5) applied (28.11.1994) by S.I. 1994/2825, reg. 16(3)