# Levelling-up and Regeneration Act 2023, Paragraph 7: Financial matters

Extent: E+W

The Secretary of State must by regulations make provision—
(a) requiring the mayor to maintain a fund in relation to receipts arising, and liabilities incurred, in the exercise of PCC functions;
(b) about the preparation of an annual budget in relation to the exercise of such functions.

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Source: https://www.legislation.gov.uk/ukpga/2023/55/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/levelling-up-and-regeneration-act-2023/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.