Financial years of the Commissions

4 Financial year of Accounts Commission for Scotland.

1

In section 98 of the M1Local Government (Scotland) Act 1973 (expenses and accounts of Accounts Commission for Scotland)—

a

in subsection (5), for the words “30th November” substitute “ 31st March ”; and

b

after subsection (6) add—

7

In this section, “financial year” means the period of twelve months ending with 31st October in any year.

2

In section 235(1) of the 1973 Act (interpretation), in the definition of “financial year”, after the word “has” insert “ , except in section 98, ”.

3

Subsections (1) and (2)—

a

shall first have effect in relation to—

i

such year; or

ii

such greater or lesser period than a year,

ending, in either case, with 31st October, as the Secretary of State may by order made by statutory instrument specify; and

b

shall thereafter have effect in relation to years so ending,

and as respects any period specified under paragraph (a)(ii) the subsection added by subsection (1)(b) shall be construed as if referring to that period and not to a period of twelve months.