FINANCE

Nottingham issues Section 114 over 'unlawful' finances

Nottingham City Council has issued a Section 114 notice following the recent discovery that it unlawfully diverted cash from its housing revenue account (HRA) to general funds.

Nottingham City Council has issued a Section 114 notice following the recent discovery that it unlawfully diverted cash from its housing revenue account (HRA) to general funds.

Unlike a more conventional S114 notice issued when a council runs out of cash, one issued for unlawful finances does not immediately halt spending.

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