# Local Government Finance Act 1988, Section 92: General funds: supplementary.

Extent: E+W

(1) In this section “relevant authority” has the same meaning as in section 91 above.
(2) The Secretary of State may make regulations—
(a) about the relationship of a relevant authority’s general fund to its other funds;
(b) providing for assets falling within a relevant authority’s general fund to be held in separate funds within the general fund.
(3) The regulations may provide that any fund established by a relevant authority on or after 1 April 1990, other than its collection fund or a trust fund, is to be maintained as a separate fund falling within its general fund.
(4) The regulations may provide that such assets as are transferred to a relevant authority’s general fund under section 91(6), (7) or (8) above and fall within a prescribed description shall be held in separate funds falling within the general fund; and the number and composition of the separate funds shall be such as are prescribed.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/section/92 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/section-92
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.