Explanatory Memorandum

Business Improvement Districts Act (Northern Ireland) 2013

2013 CHAPTER 5

21 March 2013

Commentary on Sections

Section 14: BID Revenue Account

Section 14 requires a district council to open an account which is exclusively used to hold all revenues pertaining to a particular BID arrangement. This clause also gives the Department powers to make further provision relating to the BID account by regulations.