SCHEDULES

SCHEDULE 3Accounting

Revenue accounts

1(1)A levying authority that imposes a BRS—

(a)must, in accordance with proper practices, keep a revenue account that is solely for that BRS, and

(b)must secure that such sums as the authority receives in respect of the BRS are credited to that account.

(2)A functional body with whom the Greater London Authority makes arrangements under section 3(5)—

(a)must, in accordance with proper practices, keep a revenue account that is solely for the BRS to which the arrangements relate, and

(b)must secure that such sums as the body receives in respect of the BRS are credited to that account.

(3)In a case where two or more levying authorities are acting jointly by virtue of section 2, each authority must comply separately with the duties imposed by sub-paragraph (1).