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Norfolk and Suffolk Broads Act 1988, Section 17 is up to date with all changes known to be in force on or before 18 September 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)The Authority shall make arrangements for the proper administration of its financial affairs and shall secure that one of its officers has responsibility for the administration of those affairs.
(2)The Authority shall keep a fund, to be known as the general fund.
(3)All receipts of the Authority shall be carried to, and all liabilities falling to be discharged by the Authority shall be discharged out of, the general fund.
(4)The Authority shall keep an account of all receipts carried to, and payments made out of, the general fund.
(5)The Authority shall keep—
(a)an account, to be known as the navigation revenue account, of all income accruing to it in respect of its functions under Part II of this Act, by way of ship, passenger and goods dues under section 26 of the M1Harbours Act 1964 and in respect of moorings, and of all expenditure incurred by it in respect of those matters; and
(b)an account, to be known as the general revenue account, of all income and expenditure which it is not required to account for separately.
(6)No expenditure incurred by the Authority wholly or mainly in connection with conserving the natural beauty of any area shall be treated as expenditure to which subsection (5)(a) above applies.
(7)Any deficit in the navigation revenue account shall be made up by contributions from the general revenue account.
(8)No surplus in the navigation revenue account shall be applied otherwise than in connection with the discharge of the Authority’s functions under Part II of this Act or the repayment of contributions made under subsection (7) above.
(9)Any payment made to the Authority by way of grant under this Act shall be credited to the general revenue account.
F1(10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(11)Without prejudice to any provision of regulations made under [F2section 27 of the Audit Commission Act 1998 (accounts and audit regulations)], the Authority shall send a copy of every statement of accounts prepared in accordance with those regulations, together with a copy of any auditor’s report on the accounts in question, to the Secretary of State and to each of the other appointing authorities.
F1(12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 17(10)(12) repealed (11.9.1998) by 1998 c. 18, ss. 54(3), 55(2), Sch. 5
F2Words in s. 17(10) substituted (11.9.1998) by 1998 c. 18, ss. 54(1), 55(2), Sch. 3 para. 14
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