Paragraph 4 I1
(1)
A section 87 order may include provision for enabling the board to establish and maintain a reserve fund for the purposes of its functions.
(2)
A section 87 order may also make provision with respect to powers of investment over a reserve fund or any other money of the board which is not immediately required for any other purpose.
(3)
A section 87 order may confer on the board—
(a)
power to borrow money;
(b)
power to charge property.
Annotations
Commencement
- I1
Sch. 10 para. 4 in force at 1.10.2006 by S.I. 2006/2541, art. 2 (with Sch.)