(1)A billing authority which has made BID arrangements must, in accordance with proper practices, keep an account, to be called the BID Revenue Account.
(2)Amounts paid to the authority by way of BID levy must be credited to the BID Revenue Account.
(3)Amounts are to be debited to the BID Revenue Account only in accordance with BID arrangements.
(4)The Secretary of State may by regulations make further provision in relation to the BID Revenue Account.