Part VIIIE+W Finance

Expenses and receiptsE+W

148 Principal councils’ funds and accounts.E+W

F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)The council of each county shall keep a fund to be known as the county fund . . . F2

(3 )F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3(4)All receipts of a county council shall be carried to the county fund, and all liabilities falling to be discharged by that council shall be discharged out of that fund.]

(5)Accounts shall be kept of receipts carried to, and payments made out of,

[F4(a)the county fund, in the case of a county, and

(b)the collection fund and the general fund established under sections 89 and 91 of the Local Government Finance Act 1988, in the case of a district or London borough;]

, and any account kept in respect of general expenses only of a principal area shall be called the general account of that area and any account kept in respect of any class of special expenses only of any such area shall be called a special account of that area.

Textual Amendments

F1S. 148(1)(3) repealed ( 21. 8. 1991) by S.I. 1991/1730, arts. 1, 2(1), Sch.1.

F3S. 148(4) substituted (21. 8. 1991)) by S.I. 1991/1730, arts. 1, 2(2), Sch. 2, Pt. I.

F4S. 148(5): words in s. 148(5) substituted (21.8.1991) by S.I 1991/1730, arts. 1, 2(2)(b)

Modifications etc. (not altering text)