Section 2 Moneys to be allocated to capital and income accounts.

England

F1. . . The F2diocesan board of finance of each diocese shall:—

(a)

allocate to the capital account of F3the diocesan stipends fund—

F4(i)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ii)

any legacy not expressly directed or declared to be applicable as income and any donation or other contribution expressly directed or declared to be applicable as capital which may from time to time be received for the credit of or be allocated to that fund under the provisions of F5a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme; and

(iii)

any other money or property received for the credit of that fund which the F6diocesan board of finance after consultation with the bishop may determine to be of a capital nature; and

F7(iv)

any moneys standing to the credit of the income account of the fund which the F8diocesan board of finance decides to transfer to the capital account of that fund; and

(b)

allocate to the income account of F9the diocesan stipends fund—

F10(i)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ii)

any legacy expressly directed or declared to be applicable as income and any donation or other contribution not expressly directed or declared to be applicable as capital which may from time to time be received for the credit of or be allocated to that fund under the provisions of F11a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme;

(iii)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12

(iv)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(v)

any other money or property received for the credit of that fund which the F13diocesan board of finance after consultation with the bishop may determine to be applicable as income.

Annotations

Textual amendments

F1: Words in s. 2 repealed (1.1.2001) by 2000 Measure No. 1, s. 20, Sch. 8 Pt. I; Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F2: Words in s. 2 substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(a); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F3: Word in s. 2 substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(b)(i); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F4: S. 2(a)(i) omitted (1.1.2001) by virtue of 2000 Measure No. 1, s. 4, Sch. 2 para. 3(b)(ii); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F5: Words in s. 2(a)(ii) substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(b)(iii); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F6: Words in s. 2(a)(iii) substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(b)(iv); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F7: S. 2(a)(iv) inserted by Endowments and Glebe Measure 1976 (No. 4), s. 35(1)
F8: Words in s. 2(a)(iv) substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(b)(v); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F9: Word in s. 2(b) substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(c)(i); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F10: S. 2(b)(i)(iv) omitted (1.1.2001) by virtue of 2000 Measure No. 1, s. 4, Sch. 2 para. 3(c)(ii); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F11: Words in s. 2(b)(ii) substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(c)(iii); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F12: S. 2(b)(iii) repealed by Endowments and Glebe Measure 1976 (No. 4), Sch. 8
F13: Words in s. 2(b)(v) substituted (1.1.2001) by 2000 Measure No. 1, s. 4, Sch. 2 para. 3(c)(iv); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York