C1Part VII Finance
Funds, revenue and expenses
C293 General fund.
1
Every local authority shall have a general fund and, subject to subsection (2) below—
a
all sums received by or on behalf of the authority shall be paid into that fund;
b
all fees, commissions, discounts allowed on payment of accounts and expenses payable to or recovered by any officer of a local authority in respect of any business relating to the authority whether by reason of his office or otherwise shall be accounted for and paid into that fund;
and all sums payable by the authority shall be paid out of that fund.
2
Subsection (1)
above shall not apply to sums received or payable—
a
which relate to funds or property held by a local authority as trustees for any purpose under any deed of trust or other instrument;
b
which, in the case of an islands or district council, relate to the common good of the islands area or district, as the case may be;
c
with respect to which it is otherwise provided in any other provision of this Act or in any other enactment.
Pt. VII (ss. 93-122) modified by S.I. 1975/930, regs. 2, 3 and Water (Scotland) Act 1980 (c. 45), s. 48(1)
Pt. VII (ss. 93-122) extended by Abolition of Domestic Rates Etc. (Scotland) Act 1987 (c. 47, SIF 81:2, 103:2), s. 25(2), Sch. 5 Pt. II para. 22(b)
Pt. VII (ss. 93-122) applied and power to modify conferred (6.3.1992) by Local Government Finance Act 1992 (c. 14), s. 107, Sch. 11 Pt. II para. 23(b).
Pt. VII (ss. 93-122) extended (6.3.1992) by Local Government Act 1992 (c. 19), s. 29(1).
Pt. VII (ss. 93-122) applied (27.5.1997) by 1997 c. 8, ss. 261(3)(4), 278(2)