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The Court Funds Rules 2011
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- 2011 No. 1734
- PART 6
- Rule 46
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National Debt Commissioners
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46.—(1) The Accountant General shall transfer to the National Debt Commissioners:
(a)money held in the account of the Accountant General (the “operational account”) that exceeds the amount reasonably required to satisfy current demands; and
(b)non-apportionable sums received in respect of securities.
(2) The National Debt Commissioners shall transfer to the Accountant General such amount as the Accountant General may request in writing if the balance of the operational account is less than the amount reasonably required to satisfy current demands.
(3) As soon as is practicable after half-yearly interest accruing on money invested in a basic or special account has been credited to the appropriate accounts the Accountant General shall certify to the National Debt Commissioners the amount required to credit interest on those accounts.
(4) When the Accountant General has informed the National Debt Commissioners of the amount required in paragraph (3), the National Debt Commissioners shall credit that amount to the account into which the money transferred under paragraph (1) was invested.
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