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Local Government Act 1974

Financial management

122D: Local authorities not required to use specific funding mechanisms

You could also call this:

"Councils can choose how they manage their money"

Illustration for Local Government Act 1974

Local authorities do not have to use specific ways to manage their money. You can find more information about this in the Local Government Act 2002, which is available on the legislation.govt.nz website. This rule was actually repealed on 1 July 2003, which means it is no longer in effect.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM418463.

Topics:
Government and voting > Local councils
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122C: Principles of financial management, or

"Rules for managing money in local government"

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122E: Funding of expenditure needs, or

"Old rules about how councils pay for things that are no longer used"

Part 7AFinancial management

122DLocal authorities not required to use specific funding mechanisms (Repealed)

    Notes
    • Section 122D: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).