{
  "url": "https://openlegislation.uk/local-authorities-funds-wales-regulations-1992/regulation-13",
  "json_url": "https://openlegislation.uk/local-authorities-funds-wales-regulations-1992/regulation-13.json",
  "legislation": "uksi/1992/2929",
  "legislation_title": "The Local Authorities (Funds) (Wales) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/local-authorities-funds-wales-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 in a prescribed investment; 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 in a prescribed investment; or\n(c) used for the discharge of the authority’s functions.\n(3) A prescribed investment is an investment prescribed in Schedule 3 to these Regulations.\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": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/1995/3150",
      "affecting_title": "The Local Government Reorganisation (Wales) (Finance) (Miscellaneous Amendments and Transitional Provisions) Order 1995"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/2929/regulation/13",
    "retrieved_at": "2026-10-29T14:11:27.029726+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."
}