Part VI Funds

Transfers between funds

C1C2C398 Other transfers between funds.

F11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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. . .;

F3d

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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.