Notwithstanding the provisions of subsections (2) and (3) of this section, where a local authority is a Domain Board appointed under section 47 of this Act, the Board may pay all such moneys into the general bank account of the local authority and such moneys may be withdrawn from the bank account in such manner as the local authority may lawfully authorise.”

Notwithstanding anything to the contrary in any Act, any local authority which is the Domain Board of a public domain may incur a debit balance in the accounts of the Domain Board by advancing money out of its General Account, or out of any separate riding account in the case of a County Council which keeps riding accounts, to meet payments incurred in managing, administering, or improving the domain under its control, in anticipation of the collection of revenue of the Domain Board:

“Provided that such debit balance shall be cleared within a period of two years or such extended term as may be approved by the Minister.”