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Local Government (Miscellaneous Provisions) Act 1953
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3Renewal and repairs funds
(1)Subject to the provisions of this section, a local authority by whom a renewal and repairs fund is established under section one of this Act may from time to time pay into that fund such sums as they think fit from the county fund or the general rate fund, as the case may be, and shall so pay a sum equal to the amount of any income arising from the fund which is carried to the county fund or the general rate fund, as the case may be, under subsection (3) of section one of this Act.
(2)No payment shall be made by a local authority into any such renewal and repairs fund so as to make the fund exceed such sum as the Minister may from time to time determine either generally or in any particular case.
(3)The purposes for which any such renewal and repairs fund may be applied shall not include expenditure for the purposes of an undertaking of the authority in respect of which the authority are authorised to provide a reserve fund, or in connection with any building in respect of which the authority are required under the enactments relating to housing to keep a housing repairs account.
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