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This is the original version (as it was originally enacted).
(1)A manager may transfer a sum of money—
(a)from the manager’s income account to the income account of another manager,
(b)from the manager’s capital account to the capital account of another manager.
(2)A manager (other than the Scottish Ministers) may make a transfer under subsection (1) only if directed to do so by the Scottish Ministers in a direction under section 37(1).
(3)The direction must specify—
(a)the sum to be transferred, or
(b)how that sum is to be calculated.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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