55 Financial provisions relating to designation orders
Road Traffic Regulation Act 1984 (1984 c 27) | Legislation

55  Financial provisions relating to designation orders

(1)     A local authority shall keep an account of their income and expenditure in respect of parking places [for which they are the local authority and which are—

(a)     in the case of [Transport for London,] the council of a London borough and the Common Council of the City of London, parking places on the highway; and

(b)     in the case of any other authority, designated parking places].

(2)     At the end of each financial year any deficit in the account shall be made good out of the [general fund] [or, in Wales, council fund], and (subject to subsection (3) below) any surplus shall be applied for all or any of the purposes specified in subsection (4) below and, in so far as it is not so applied, shall be appropriated to the carrying out of some specific project falling within those purposes and carried forward until applied to carrying it out.

(3)     If the local authority so determine, any amount not applied in any financial year, instead of being or remaining so appropriated, may be carried forward in the account kept under subsection (1) above to the next financial year.

[(3A)     [Transport

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