A local authority which has made BID arrangements must, in accordance with proper practices, keep an account, to be called the BID Revenue Account.

Amounts paid to the authority for the purpose of enabling the projects specified in the BID arrangements to be carried out must be credited to the BID Revenue Account.

Amounts are to be debited to the BID Revenue Account only in accordance with BID arrangements.

The Scottish Ministers may by regulations made by statutory instrument make further provision in relation to the BID Revenue Account.