(1)A billing authority which has made BID arrangements must, in accordance with proper practices, keep an account, to be called the BID Revenue Account.
(2)Amounts paid to the authority by way of BID levy must be credited to the BID Revenue Account.
(3)Amounts are to be debited to the BID Revenue Account only in accordance with BID arrangements.
(4)The Secretary of State may by regulations make further provision in relation to the BID Revenue Account.
Modifications etc. (not altering text)
C1Ss. 44-47 modified (W.) (13.5.2005) by Business Improvement Districts (Wales) Regulations 2005 (S.I. 2005/1312), regs. 1(1), 16(5)(b), 17(3)(b)
Commencement Information
I1S. 47 in force at 18.11.2003 for E. by S.I. 2003/2938, art. 3(a) (with art. 8, Sch.)
I2S. 47 in force at 27.11.2003 for W. by S.I. 2003/3034, art. 2, Sch. 1 Pt. I
(1)The Secretary of State may by regulations make provision with respect to the imposition, administration, collection, recovery and application of BID levy.
(2)The provision which may be made by regulations under this section includes provision—
(a)corresponding to any provision which may be made by regulations under section 50 or 63 of, or Schedule 9 to, the Local Government Finance Act 1988 (c. 41) (joint owners or occupiers, death and administration of non-domestic rating);
(b)modifying or applying with modifications any provision made by regulations under any of those provisions.
(3)Nothing in subsection (2) is to be taken as limiting the power conferred by subsection (1).
Commencement Information
I3S. 48 in force at 18.11.2003 for E. by S.I. 2003/2938, art. 3(a) (with art. 8, Sch.)
I4S. 48 in force at 27.11.2003 for W. by S.I. 2003/3034, art. 2, Sch. 1 Pt. I