Reserves - generalN.I.
This section has no associated Explanatory Notes
6—(1) Regulations may make provision requiring a council to maintain financial reserves in accordance with the regulations.
(2) The chief financial officer of a council shall submit to the council a report on the adequacy of any proposed financial reserves for a financial year.
(3) A council shall have regard to that report when considering the estimates for that year under section 3(2)(a).
Commencement Information
I1S. 6 in operation at 1.4.2012 by S.R. 2011/306, art. 2(3)