Part VI Funds
Funds
94 The City: further provisions.
1
The Secretary of State may make regulations—
a
about the relationship of the City fund to other funds of the Common Council;
b
providing for assets falling within the City fund to be held in separate funds within the City fund;
c
prohibiting the Common Council from establishing funds.
2
The regulations may provide that any fund established by the Common Council on or after 1 April 1990, and falling within a prescribed description, is to be maintained as a separate fund falling within the City fund.
3
The regulations may provide that such assets as are transferred to the City fund under section 93(6) above and fall within a prescribed description shall be held in separate funds falling within the City fund; and the number and composition of the separate funds shall be such as are prescribed.
4
The regulations may provide that the Common Council shall not establish or maintain on or after 1 April 1990 a fund into which both the following must or may be paid—
a
sums which must be paid into the City fund under section 93(3) above, and
b
other sums.
5
The regulations may provide that the Common Council shall not establish or maintain on or after 1 April 1990 a fund from which both the following must or may be met—
a
payments which must be met from the City fund under section 93(4) above, and
b
other payments.