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Local Government Act 1993 No 30
Current version for 1 July 2020 to date (accessed 4 August 2020 at 19:09)
410 Alternative use of money raised by special rates or charges
(1) This section applies to money that has been received by a council as a result of the levying of a special rate or a charge.(2) If the special rate or charge has been discontinued and the purpose for which the money was received has been achieved, or is no longer required to be achieved, any remaining money may be used by the council for any other purpose if, and only if—(a) a proposal to that effect has been included in a draft operational plan for the current year or for a previous year, and(b) notice of the fact that the proposal was included in the operational plan adopted by the council for that year has been published in a manner that the council is satisfied is likely to bring the notice to the attention of members of the public in the area.(3) Money that is not yet required for the purpose for which it was received may be lent (by way of internal loan) for use by the council for any other purpose if, and only if, its use for that other purpose is approved by the Minister.(4) In granting such an approval, the Minister must impose conditions as to the time within which the internal loan must be repaid and as to any additional amount, in the nature of interest, that is to be paid in connection with that loan.