Part VI Funds

Transfers between funds

98 Other transfers between funds.

F1(1)

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F1(2)

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(3)

Regulations under section 89(5) above may include provision that—

(a)

any sum to which they relate shall be transferred from an authority’s collection fund to its general fund F2. . .;

(b)

the sum so transferred shall be held, invested or otherwise used in such manner as may be prescribed;

(c)

a sum equal to the sum transferred shall be transferred to the authority’s collection fund from its general fund F2. . .;

F3(d)

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(4)

If the Secretary of State directs it to do so, a F4billing authority shall transfer from its collection fund to its general fund F5. . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction.

(5)

If the Secretary of State directs it to do so, a F4billing authority shall transfer to its collection fund from its general fund F6. . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction.

(6)

Different directions may be given to different authorities under F7subsection (4) or (5) above.