Section 12C Funding of CTBsF1

(1)

The establishing authority and any of their relevant partners represented on a Children's Trust Board may make payments towards expenditure incurred by, or for purposes connected with, the Board—

(a)

by making the payments directly; or

(b)

by contributing to a fund out of which the payments may be made.

(2)

The establishing authority and any of their relevant partners represented on a Children's Trust Board may provide staff, goods, services, accommodation or other resources for purposes connected with the functions of the Board.

(3)

Two or more Children's Trust Boards may establish and maintain a pooled fund for the purposes of any of their functions.

(4)

A pooled fund is a fund—

(a)

which is made up of contributions by the Boards concerned, and

(b)

out of which payments may be made towards expenditure incurred in the discharge of functions of any of the Boards.

Annotations

Textual amendments

F1: Ss. 12A-12D and cross-heading inserted (26.2.2010 for certain purposes and 1.4.2010 otherwise) by Apprenticeships, Skills, Children and Learning Act 2009 (c. 22), ss. 194(2), 269; S.I. 2010/303, arts. 2, 3, Sch. 1, Sch. 2