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The Business Improvement Districts (Property Owners) (England) Regulations 2014

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PART 1Credits to the account

1.  For each year a billing authority which is required to keep a BID Revenue Account (“the account”) shall carry to the credit of the account amounts equal to the items listed in this Part of this Schedule.

Item 1: BRS-BID revenues

Sums receivable for the year under sections 43 of the 2003 Act and paragraph 3 of Schedule 2 to the 2009 Act.

Item 2: income from BRS-BID services and facilities

Sums receivable by the authority for the year in respect of services or facilities provided by it (excluding contributions made by it to the BRS-BID under section 43(2)(a) of the 2003 Act) under the BRS-BID arrangements.

Item 3: reduced provision for bad or doubtful debts

The following, namely—

(a)any sums debited to the account for a previous year under sub-paragraph (a) of item 3 of Part 2 of this Schedule which have been recovered by the authority during the year; and

(b)any amount by which, in the opinion of the authority, any provision debited to the account for a previous year under sub-paragraph (b) of that item should be reduced.

Item 4: credit balance from previous year

Any credit balance shown in the account for the previous year.

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