38 Council funds for new principal councils
Local Government (Wales) Act 1994 (1994 c 19) | Legislation

38  Council funds for new principal councils

(1)     Each new principal council shall establish, and then maintain, a fund to be known as their council fund.

(2)     Any sums received by a new principal council shall be paid into their council fund.

(3)     All payments by a new principal council shall be made out of their council fund.

(4)     Subsections (2) and (3) do not apply in relation to any sums to be paid into, or payments to be made out of, a trust fund.

(5)     Section 101(1)(b) of the 1972 Act (delegation) shall not apply as regards the functions of a new principal council in relation to their council fund.

(6)     Each new principal council shall keep accounts of sums paid into, and of payments made out of, their council fund.

(7)

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