Part 4Business improvement districts

Administration etc

I1I2C147BID Revenue Account

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.