Local Government in Scotland Act 2003
2003 asp 1
The Act – Section by Section
Part 1 - Best Value and Accountability
Section 10 – Trading operations and accounts
32.Section 10 provides that where proper accounting practice (as specified in section 12) states that a local authority should keep and publish a trading account for an activity, that activity should be budgeted for so that over a three year period on a rolling basis the revenue of the activity at least equals the expenditure.
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