(1)The Tribunal must submit to the Society in respect of each year a budget for the year approved by the Legal Services Board.
(2)A budget for a year is a statement of the amount of money which the Tribunal estimates is required to enable it to meet all of its expenditure in that year (having regard to any amounts received but not spent in previous years).
(3)Before approving a statement for the purposes of subsection (1) the Legal Services Board must consult the Society.
(4)The budget for a year must be submitted to the Society under subsection (1) no later than the date in the preceding year specified by the Society for the purposes of this subsection.
(5)Before specifying a date for this purpose the Society must consult the Tribunal.
(6)The amount specified in a budget submitted under subsection (1) must be paid by the Society to the Tribunal—
(a)in such instalments and at such times as may be agreed between the Society and the Tribunal, or
(b)in the absence of such agreement, before the beginning of the year to which the budget relates.
(7)The Society may pay the Tribunal such other amounts as the Society considers appropriate.
(8)In this section “year” means a calendar year.]
Textual Amendments
F1S. 46A inserted (30.6.2008) by Legal Services Act 2007 (c. 29), ss. 177, 211, Sch. 16 para. 48 (with ss. 29, 192, 193); S.I. 2008/1436, art. 2(d)(i) (subject to art. 4)