Part 7Finance
41Establishment of local authority funds other than general fund: setting of council tax
1
In section 93 of the 1973 Act—
a
in subsection (2) (sums which need not be paid into or out of a local authority’s general fund) there is inserted at the end—
d
with respect to which regulations made by the Scottish Ministers provide that they be paid into or out of a fund (other than the general fund) established by the local authority for the purposes of this paragraph.
b
after that subsection there is inserted—
3
A statutory instrument containing regulations under subsection (2)(d) above shall be subject to annulment in pursuance of a resolution of the Scottish Parliament.
2
In section 93 of the Local Government Finance Act 1992 (c. 14)—
a
in subsection (4)
(calculation of the part of a local authority’s expenses falling to be met out of council tax) there is inserted at the end “
but not of any amounts in such fund (other than the local authority’s general fund) as is established by the authority under regulations made for the purposes of this subsection.
”
; and
b
after that subsection there is inserted—
5
Regulations made under subsection (4) above shall specify what kind of sums are to be paid into or out of the fund established under the regulations.