Equalization Fund
This type of income comes from the remaining ten per cent of property tax, where parish councils apply to the Minister for that fund on a needs basis.
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(1) For the purposes of this Act, there shall be established, under the control and management of a public officer designated for that purpose by the Minister a) a fund to be called the Parochial Revenue Fund; and b) a fund to be called the Equalization Fund. (2) There ...
Instrument Types:
- Horizontal-inter-municipal transfers
(1) Subject to subsection (3), there shall be paid out of the Parochial Revenue Fund to each Municipal Corporation, not later than the last day in each month in respect of amounts received by the Fund as property tax and licence duties in the preceding month, an amount equivalent to – ...