SCHEDULES
SCHEDULE 3Accounting
1Revenue accounts
1
A levying authority that imposes a BRS—
a
must, in accordance with proper practices, keep a revenue account that is solely for that BRS, and
b
must secure that such sums as the authority receives in respect of the BRS are credited to that account.
2
A functional body with whom the Greater London Authority makes arrangements under section 3(5)—
a
must, in accordance with proper practices, keep a revenue account that is solely for the BRS to which the arrangements relate, and
b
must secure that such sums as the body receives in respect of the BRS are credited to that account.
3
In a case where two or more levying authorities are acting jointly by virtue of section 2, each authority must comply separately with the duties imposed by sub-paragraph (1).