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

Other transfers between funds. 98 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.