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Local Government Act 1974

Accounting documents, special funds, trading undertakings, and expenditure - Custody of and payment of money

207: Council may establish Imprest Accounts

You could also call this:

"Councils can have a special account to help manage their money"

Illustration for Local Government Act 1974

The council can set up something called Imprest Accounts. You can think of an Imprest Account like a special kind of bank account that helps the council manage its money. However, this rule is no longer in effect because it was repealed on 1 July 1990 by section 22(1)(c) of the Local Government Amendment Act (No 2) 1989.

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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=DLM419492.

Topics:
Government and voting > Local councilsMoney and consumer rights > Banking and loans
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206: Deposit at interest, or

"An old law about councils earning interest on deposited money, now no longer used."

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208: Council may establish special funds, or

"Councils can't set up special funds anymore, but they used to be able to."

Part 12Accounting documents, special funds, trading undertakings, and expenditure
Custody of and payment of money

207Council may establish Imprest Accounts (Repealed)

    Notes
    • Section 207: repealed, on , by section 22(1)(c) of the Local Government Amendment Act (No 2) 1989 (1989 No 29).