# The Collection Fund (Wales) Regulations 1989, Regulation 10: Holdings and investments


(1) Any sum paid into a charging authority’s collection fund which is not immediately required for the purpose of making payments or transfers from that fund shall be—
(a) invested in a prescribed investment;
(b) held in cash; or
(c) transferred to the charging authority’s general fund.
(2) Any sum transferred under paragraph (1) from an authority’s collection fund to its general fund shall be—
(a) invested in a prescribed investment;
(b) held in cash; or
(c) used for the discharge of the authority’s functions.
(3) A prescribed investment is an investment prescribed in Schedule 2 to these Regulations.

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Source: https://www.legislation.gov.uk/uksi/1989/2363/regulation/10 (the official version)
Page: https://openlegislation.uk/collection-fund-wales-regulations-1989/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.