Paragraph 3ZA F1

In section 113 (investment of funds)—

(a)

at the beginning of subsection (1), insert “Subject to subsection (1A),”; and

(b)

after subsection (1), insert—

“(1A)
The Board may hold any grant received in accordance with regulation 5(3) of the Financial Assistance Scheme Regulations 2005 (scheme manager) in an interest-bearing account but may not otherwise invest any such grant.”.

Annotations

Textual amendments

F1: Sch. 1 paras. 3ZA-3ZE inserted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 18(a) (with reg. 37)