Each elected local policing body must keep a fund to be known as the police fund.

All of an elected local policing body’s receipts must be paid into the relevant police fund.

All of an elected local policing body’s expenditure must be paid out of the relevant police fund.

An elected local policing body must keep accounts of payments made into or out of the relevant police fund.

Subsections (2) and (3) are subject to any regulations under the Police Pensions Act 1976.

In this section “relevant police fund”, in relation to an elected local policing body, means the police fund which that body keeps.