(1) Monies of the Castries Constituency Council must be paid into an account in a financial institution approved by resolution of the Castries Constituency Council.
(2) The Chief Executive Officer shall each day, so far as practicable, pay into the financial institution under subsection (1) monies received by him or her before the closing hour of the financial institution except a sum he or she is authorised by resolution of the Castries Constituency Council to retain in his or her hand to meet immediate payments.
(3) The account under subsection (1) comprises of monies derived from —
(a) the amount allocated annually for the use and operations of the Castries Constituency Council from the Consolidated Fund;
(b) a fee, charge or dues collected under this Act or another enactment;
(c) fines for breaches of the Bye-laws;
(d) the sale, hire, or mortgage of property vested in the Castries Constituency Council;
(e) forming and laying out, repairing, draining, cleaning and lighting of streets, footways, squares and other public places;
(f) the maintenance and management of markets, slaughterhouses and cemeteries;
(g) the maintenance, preservation and development of property belonging to the Castries Constituency Council;
(h) solid waste management;
(i) other sums which have been specifically voted by the Castries Constituency Council and the payment of which is approved by the Minister responsible for finance.