Section 16: Funds of Council
consolidated text (as at 2013, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
16. Funds of Council
(1) The Council shall establish a General Fund—
(a) into which all monies received by the Council shall be paid; and
(b) out of which all payments required to be made by the Council
shall be paid.
(2) There shall be paid into the General Fund—
(a) all grants received from Government for the discharge of its
functions;
(b) any sum received by way of loan from Government;
(c) any dues or fees levied or charges imposed by the Council; and
(d) any money received by the Council from any other source.
(3) All payments made by the Council shall be met out of the General Fund.
[Issue 5] N22 – 6