Part 4Financial provisions
80Expenditure of funds
The funds of an administering body received under this Act shall, save as otherwise authorised or required by this Act or any other Act, be applied in purchasing, taking on lease, managing, administering, maintaining, protecting, improving, and developing the reserves under its control, and for no other purpose.
Where pursuant to section 37 or section 38 an administering body is appointed to control and manage more than 1 reserve or a reserve and other land, then—
- money received from the separate areas may be used for the improvement and benefit of all those areas or any of them:
- the administering body shall not be required to keep separate books of account in respect of the separate areas under its control, but it may keep combined accounts and a statement regarding those combined accounts, but showing receipts and payments for each area, shall be sufficient for the purposes of section 88.
Compare
- 1953 No 69 ss 72, 73
Notes
- Section 80(1): amended, on , by section 3 of the Reserves Amendment Act 1985 (1985 No 188).


