Local Government Act, 2001
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The local fund. |
97.—(1) Every local authority shall maintain a fund to be known as the local fund which consists of such accounts kept under section 107 as may be necessary. | |
(2) (a) A fund maintained immediately before the commencement of this provision by a county council, borough corporation, urban district council or commissioners of a town under section 7 or 15(1) of the Local Government Act, 1946 , or otherwise and a municipal fund maintained by a county borough corporation under any enactment relating to that corporation shall, notwithstanding the repeal of those sections or that enactment by this Act, continue to be maintained by those local authorities and each such fund shall be known as the local fund. | ||
(b) A reference in any enactment to a county fund, municipal fund or any other fund, which was maintained immediately before the commencement of this provision, shall be read as a reference to a local fund. | ||
(3) There shall be paid into the local fund all money received by or on behalf of a local authority, other than money received for the purposes of a community fund established under section 109 . | ||
(4) Subject to section 99 , there shall be paid out of the local fund the expenses incurred by a local authority in the performance of its functions, other than expenses payable out of a community fund established under section 109 . | ||
(5) A payment shall not be made out of the local fund unless it is authorised in accordance with section 99 or ordered by a court established under the Courts (Establishment and Constitution) Act, 1961 . |