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LOCAL GOVERNMENT ACT 1995 - SECT 6.7

LOCAL GOVERNMENT ACT 1995 - SECT 6.7

6.7 .         Municipal fund

        (1)         All money and the value of all assets received or receivable by a local government are to be held and brought to account in its municipal fund unless required by this Act or any other written law to be held in the trust fund.

        (2)         Money held in the municipal fund may be applied towards the performance of the functions and the exercise of the powers conferred on the local government by this Act or any other written law.