Part 4Business improvement districts
Administration etc
47BID Revenue Account
1
A billing authority which has made BID arrangements must, in accordance with proper practices, keep an account, to be called the BID Revenue Account.
2
Amounts paid to the authority by way of BID levy must be credited to the BID Revenue Account.
3
Amounts are to be debited to the BID Revenue Account only in accordance with BID arrangements.
4
The Secretary of State may by regulations make further provision in relation to the BID Revenue Account.
48Administration of BID levy etc
1
The Secretary of State may by regulations make provision with respect to the imposition, administration, collection, recovery and application of BID levy.
2
The provision which may be made by regulations under this section includes provision—
a
corresponding to any provision which may be made by regulations under section 50 or 63 of, or Schedule 9 to, the Local Government Finance Act 1988 (c. 41) (joint owners or occupiers, death and administration of non-domestic rating);
b
modifying or applying with modifications any provision made by regulations under any of those provisions.
3
Nothing in subsection (2) is to be taken as limiting the power conferred by subsection (1).