{
  "url": "https://openlegislation.uk/local-authorities-funds-england-regulations-1992/regulation-13",
  "json_url": "https://openlegislation.uk/local-authorities-funds-england-regulations-1992/regulation-13.json",
  "legislation": "uksi/1992/2428",
  "legislation_title": "The Local Authorities (Funds) (England) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/local-authorities-funds-england-regulations-1992",
  "path": "regulation/13",
  "kind": "regulation",
  "number": "13",
  "heading": "Holdings and investments",
  "text": "(1) Any sum paid into a billing authority’s collection fund which is not immediately required for the purpose of making payments or transfers from that fund shall be—\n(a) held in cash;\n(b) invested ...; or\n(c) transferred to the billing authority’s general fund.\n(2) Any sum transferred under paragraph (1) from an authority’s collection fund to its general fund shall be—\n(a) held in cash;\n(b) invested ...; or\n(c) used for the discharge of the authority’s functions.\n(3) In carrying out its function of investment pursuant to paragraphs (1)(b) or (2)(b), a billing authority shall have regard to the code of practice contained in the document entitled “Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes” (2017 Edition) published by the Chartered Institute of Public Finance and Accountancy.\n(4) Where a sum has been transferred to its general fund under paragraph (1), a billing authority shall—\n(a) immediately retransfer the sum if such a retransfer is required to enable the authority to meet payments or transfers from its collection fund; and\n(b) otherwise retransfer the sum as and when it thinks fit.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 13(1)(b) omitted (31.12.2020) by virtue of The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018 (S.I. 2018/1386), regs. 1, 3(a); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 13(2)(b) omitted (31.12.2020) by virtue of The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018 (S.I. 2018/1386), regs. 1, 3(a); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Reg. 13(3) substituted (31.12.2020) by The Local Government (Miscellaneous Amendments) (EU Exit) Regulations 2018 (S.I. 2018/1386), regs. 1, 3(b); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 13 in force at 4.11.1992, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/2428/regulation/13",
    "retrieved_at": "2026-10-29T14:15:16.910996+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}