# The Police (Disposal of Sound Equipment) Regulations 1995, Regulation 4: Application of proceeds of sale


(1) The proceeds of any sale under regulation 3 above shall be paid to the police authority and shall be kept in a separate account (referred to in this regulation as “the Fund”).
(2) The Fund, or any part thereof, may be invested as the police authority think fit and the income derived from the investments shall be added to and become part of the Fund.
(3) The money, including income from investments, standing to the credit of the Fund shall be applicable —
(a) to defray expenses incurred in the conveyance, storage and safe custody of the property to which these Regulations apply and in connection with its sale and otherwise in executing these Regulations;
(b) to make such payments of such amounts as the police authority may determine for such charitable purposes as they may select.
(4) The Fund shall be audited by an auditor nominated for that purpose by the police authority.
(5) In this Regulation, references to the police authority shall, in respect of the metropolitan police district, be taken instead to be references to the Receiver for that district.

---
Source: https://www.legislation.gov.uk/uksi/1995/722/regulation/4 (the official version)
Page: https://openlegislation.uk/police-disposal-of-sound-equipment-regulations-1995/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.