[99 Regulations about funds]

Regulations about funds

[99  Regulations about funds]

[(1)     The Secretary of State may make regulations about the discharge of the following liabilities of a billing authority—

(a)     the liability to pay anything from its collection fund or its general fund in respect of any precept issued by a major or local precepting authority under Part I of the Local Government Finance Act 1992;

(b)     the liability to transfer anything from its collection fund under section [97(1) or (3) or regulations under section 97(2A) above]; and

(c)     the liability to transfer anything from its general fund under section 97(2) or (4) above [or regulations under section 97(2B) above].

(2)     The regulations may include provision—

(a)     that anything falling to be paid or transferred must be paid or transferred within a prescribed period;

(b)     that anything falling to be paid or transferred must be paid or transferred in instalments of such amounts, and at such times, as are determined by the billing authority in accordance with prescribed rules;

(c)     that the billing authority must inform any precepting authorities when instalments will be paid and how they are to be calculated;

(d)

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