# Local Government Act (Northern Ireland) 1972, Paragraph 2

Extent: N.I.

Every sum paid to a sinking fund shall, unless applied in repayment of the money for the repayment of which the sinking fund is formed be immediately invested in a security or securities in which trustees are entitled by law to invest trust funds, and the council may vary and transpose the investments.

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Source: https://www.legislation.gov.uk/apni/1972/9/schedule/5/paragraph/2 (the official version)
Page: https://openlegislation.uk/local-government-act-northern-ireland-1972/schedule-5/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.