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Section 47: BID Revenue Account

Local Government Act 2003 · 2003 c. 26View on legislation.gov.uk

Part 4: Business improvement districts

A billing authority which has made BID arrangements must, in accordance with proper practices, keep an account, to be called the BID Revenue Account.

Amounts paid to the authority by way of BID levy must be credited to the BID Revenue Account.

Amounts are to be debited to the BID Revenue Account only in accordance with BID arrangements.

The Secretary of State may by regulations make further provision in relation to the BID Revenue Account.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.