# Local Government Finance Act 1988, Section 98: Other transfers between funds.

Extent: E+W

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Regulations under section 89(5) above may include provision that—
(a) any sum to which they relate shall be transferred from an authority’s collection fund to its general fund . . .;
(b) the sum so transferred shall be held, invested or otherwise used in such manner as may be prescribed;
(c) a sum equal to the sum transferred shall be transferred to the authority’s collection fund from its general fund . . .;
(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) If the Secretary of State directs it to do so, a billing authority shall transfer from its collection fund to its general fund . . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction.
(5) If the Secretary of State directs it to do so, a billing authority shall transfer to its collection fund from its general fund . . . such an amount as is specified in, or calculated in a manner specified in, the direction; and the transfer shall be made at such time as is specified in the direction.
(6) Different directions may be given to different authorities under subsection (4) or (5) above.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/section/98 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/section-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.