URBAN COUNCILS ACT Chapter 29:15 (b) subsections (1), (2), (3), (4) and (5) shall not apply. 301 Housing account (1) In respect of— (a) each local government area administered by a council; and (b) any other area within a council area that the Minister may specify; the council shall establish a separate account, to be called the housing account, preceded by the name of the area concerned: Provided that the council may establish one housing account in terms of this subsection in respect of any two or more such areas, in which case the housing account shall be called by a title which bears the name of the municipality or town, as the case may be. (2) There shall be credited to the housing account kept in respect of any area referred to in subsection (1)— (a) unless otherwise specially provided for by any other law, all licence and other fees accruing under any law to the council in respect of dogs, cycles or other things kept in that area or any business or trade carried on in that area; and (b) all fees paid in terms of the Vehicle Registration and Licensing Act [Chapter 13:14] in respect of vehicles ordinarily kept at night in that area; and (c) all rents, fees, charges and other income of any kind derived in respect of the occupation or residence of persons in that area, other than income derived from the sale of electricity which has, with the consent of and subject to any conditions imposed by the Minister, been supplied to consumers in terms of separate supply contracts entered into in terms of the Electricity Act [Chapter 13:05]; and (d) all payments by the council for accommodation in that area for its own employees, which shall not be less than the appropriate charges fixed in the relevant by-laws for the same standard of accommodation; and (e) with the approval of the Minister, appropriations from the general funds of the council; and (f) any moneys borrowed in terms of section two hundred and ninety for any purpose for which the account may be used in terms of this section; and (g) any grants, gifts, contributions, donations, advances, subscriptions or bequests made to or in respect of that area; and (h) a proportion of any surplus accruing to the council from charges levied for water and electricity supplied in the council area and the local government areas administered by the council, calculated to take into account the revenues accruing from supplies to such local government areas and the revenues accruing from all sales of water and electricity by the council: Provided that a proportion of the surplus referred to in this paragraph shall not be credited to the housing account where supplies to the local government area or areas are provided in bulk and at a cost as mentioned in subparagraph (ii) of paragraph (f) of subsection (4); and (i) any moneys received by the council in respect of the realization of any asset purchased from moneys held in the account or in respect of any other transaction relating to the moneys in the account; and (j) interest received by the council from the investment of moneys held in the account; and (k) any other moneys that may be payable to the account. (3) For the purposes of paragraph (h) of subsection (2)— “surplus” means an amount which, but for that paragraph, would be appropriated from the annual revenue surplus of the water or electricity account, as the case may be, to the consolidated revenue account for the benefit of the rates account. (4) Moneys in the housing account may be expended only on— (a) direct costs incurred by the council in connection with the supervision and administration of the area concerned; 121