24(1)The Authority may require a licensing scheme to include provision for such portion of the net proceeds as the Authority may determine to be paid to—
(a)the Authority,
(b)Transport for London, or
(c)such London borough councils as may be specified or described by the Authority,
for application for relevant transport purposes.
(2)In this Schedule, any reference to a licensing authority’s share of the net proceeds of a licensing scheme is a reference to so much of the net proceeds of the scheme as remains after the making of any payments to other bodies or persons required by virtue of sub-paragraph (1) above or regulations under paragraph 22(2) above.
(3)For the purposes of this Schedule, the payment by the Authority of a sum received by the Authority by virtue of sub-paragraph (1) above to any body corporate for the purpose of the application of that sum by that body for relevant transport purposes shall be taken to be the application of that sum by the Authority for relevant transport purposes.