- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted). This item of legislation is currently only available in its original format.
3The council shall keep the accounts relating to the loans fund separate from the other accounts of the council.
4The loans fund shall be kept in two Parts:—
Part I containing a record of all assets and liabilities of the fund classified as follows:—
Assets—
Sums advanced to the various borrowing accounts of the council.
Any loans to other local authorities which the council may be authorised to make.
Investments.
Deferred charges.
Any other assets.
Liabilities—
Mortgages created by the council.
Stock issued by the council.
Any other liabilities.
Part II containing a record of the revenue and expenditure of the fund classified as follows:—
Revenue—
Interest from the various borrowing accounts of the council—
in respect of advances on account of capital;
in respect of advances for ordinary expenditure.
Interest on loans to other local authorities made by the council.
Income from investments.
Other income including unclaimed interest and dividends.
Expenditure—
Interest and dividends on mortgages, stock and other loans to the council.
Loans fund expenses including stamp duties.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: