Local Government Finance Act (Northern Ireland) 2011 No. 10

PART 1 N.I. FINANCIAL ADMINISTRATION

Modifications etc. (not altering text)

C1 Pt. 1 applied with modifications (2.4.2012) by The Local Government (Constituting Joint Committees as Bodies Corporate) Order (Northern Ireland) 2012 (S.R. 2012/10), arts. 1, 4

C2 Pt. 1 applied with modifications (1.4.2015) by The Local Government (Constituting a Joint Committee a Body Corporate) Order (Northern Ireland) 2015 (S.R. 2015/183), arts. 1, 4

Funds N.I.

The general fund N.I.

8  Subject to section 9, all income of a council shall be carried to a fund to be called “the general fund”, and all expenditure falling to be discharged by the council shall be discharged out of that fund.

Modifications etc. (not altering text)

C3 Ss. 8-10 applied (with mods) (2.7.2013) by The Local Government (Statutory Transition Committees) Regulations (Northern Ireland) 2013 (S.R. 2013/179), regs. 1(1), 23, Sch. 3

Commencement Information

I1 S. 8 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)

Power to establish other funds N.I.

9—(1) A council may, in addition to any other fund established under this Part, establish such funds as it considers appropriate.

(2) Any income arising from the investing of the money in any fund established under this section, or otherwise from the application of the fund, shall be carried to the fund.

Modifications etc. (not altering text)

C3 Ss. 8-10 applied (with mods) (2.7.2013) by The Local Government (Statutory Transition Committees) Regulations (Northern Ireland) 2013 (S.R. 2013/179), regs. 1(1), 23, Sch. 3

Commencement Information

I2 S. 9 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)

Limitation on application of funds N.I.

10—(1) A council shall not directly or indirectly apply any money under its control for any purpose not authorised specifically or generally by a statutory provision.

(2) A council shall not directly or indirectly apply any money derived from trust funds for any purpose not authorised by the specific trusts affecting those funds.

Modifications etc. (not altering text)

C3 Ss. 8-10 applied (with mods) (2.7.2013) by The Local Government (Statutory Transition Committees) Regulations (Northern Ireland) 2013 (S.R. 2013/179), regs. 1(1), 23, Sch. 3

Commencement Information

I3 S. 10 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)