20E+WFor section 90 of the 1988 Act there shall be substituted the following section—
(1)The following shall be paid into the collection fund of a billing authority—
(a)sums received by the authority in respect of council tax set by it in accordance with section 30 of the Local Government Finance Act 1992 (but not sums received by way of penalty),
(b)sums received by the authority from any major precepting authority under regulations made under section 99(3) below,
(c)sums received by the authority in respect of any non-domestic rate under this Act,
(d)sums received by the authority under paragraph 5(10) or (14) of Schedule 8 below or regulations made under paragraph 5(15) or 6(5) of that Schedule, and
(e)any other sums which the Secretary of State specifies are to be paid into a billing authority’s collection fund.
(2)The following payments shall be met from the collection fund of a billing authority—
(a)payments to be made by the authority in respect of the amount of any precept issued by a major precepting authority under Part I of the Local Government Finance Act 1992 (but not payments to be so made in respect of interest on such an amount),
(b)payments to be made by the authority to any major precepting authority under regulations made under section 99(3) below,
(c)payments to be made by the authority to the Secretary of State under paragraph 5 of Schedule 8 below or regulations made under sub-paragraph (15) of that paragraph,
(d)payments to be made by the authority to another person in repaying, under regulations under this Act or Part I of the Local Government Finance Act 1992, excess receipts by way of non-domestic rates or of council tax, and
(e)any other payments which are to be made by the authority to another person and which the Secretary of State specifies are to be met from a billing authority’s collection fund.
(3)The power to specify under this section—
(a)includes power to revoke or amend a specification made under the power;
(b)may be exercised differently in relation to different authorities.”