(1)A local authority shall keep an account of their income and expenditure in respect of parking places designated by designation orders for which they are the local authority.
(2)At the end of each financial year any deficit in the account shall be made good out of the [F1general fund], and (subject to subsection (3) below) any surplus shall be applied for all or any of the purposes specified in subsection (4) below and, in so far as it is not so applied, shall be appropriated to the carrying out of some specific project falling within those purposes and carried forward until applied to carrying it out.
(3)If the local authority so determine, any amount not applied in any financial year, instead of being or remaining so appropriated, may be carried forward in the account kept under subsection (1) above to the next financial year.
(4)The purposes referred to in subsection (2) above are the following, that is to say—
(a)the making good to the [F2general fund] of any amount charged to that fund under subsection (2) above in the 4 years immediately preceding the financial year in question;
(b)meeting all or any part of the cost of the provision and maintenance by the local authority of [F3off-street parking accommodation, whether in the open or under cover;]
(c)the making to other local authorities, F4 . . . or to other persons of contributions towards the cost of the provision and maintenance by them, in the area of the local authority or elsewhere, of [F3off-street parking accommodation, whether in the open or under cover;]
[F5(d)if it appears to the local authority that the provision in their area of further off-street parking accommodation is unnecessary or undesirable, the following purposes—
(i)meeting costs incurred, whether by the local authority or by some other person, in the provision or operation of, or of facilities for, public passenger transport services, and
(ii)the purposes of a highway or road improvement project in the local authority’s area.]
[F6(4A)For the purposes of subsection (4)(d)(ii)—
(a)a highway improvement project means a project connected with the carrying out by the appropriate highway authority (whether the local authority or not) of any operation which constitutes the improvement (within the meaning of the Highways Act 1980) of a highway in the area of a local authority in England or Wales; and
(b)a road improvement project means a project connected with the carrying out by the appropriate roads authority (whether the local authority or not) of any operation which constitutes the improvement (within the meaning of the Roads (Scotland) Act 1984) of a road in the area of a local authority in Scotland.]
F7(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)In relation to a parking place of which the operation is transferred in accordance with . . . F8 subsection (8) of section 54 of this Act, the provisions of this Act which are required by that subsection to apply thereafter—
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10
shall include the provisions of this section.
(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11
Textual Amendments
F1Words substituted by Local Government Finance Act 1988 (c. 41, SIF 81:1, 103:2), s. 137, Sch. 12 Pt. III para. 42(1)–(3)
F2Words substituted by Local Government Finance Act 1988 (c. 41, SIF 81:1, 103:2), s. 137, Sch. 12 Pt. III para. 42(1)–(3)
F3Words in s. 55(4)(b) and (c) substituted (1.11.1991) by New Roads and Street Works Act 1991 (c. 22, SIF 59, 108), s. 168(1), Sch. 8 para. 46(2); S.I. 1991/2286, art. 2(2), Sch. 2; S.I. 1991/2288, art. 3, Sch.
F4Words in s. 55(4)(c) repealed (1.10.1991) by Road Traffic Act 1991 (c. 40, SIF 107:1), ss. 81, 83, Sch. 7, para. 5(4), Sch. 8; S.I. 1991/2054, art. 3, Sch.
F5S. 55(4)(d) substituted (1.11.1991) by New Roads and Street Works Act 1991 (c. 22, SIF 59, 108), s. 168(1), Sch. 8 para. 46(3); S.I. 1991/2286, art. 2(2), Sch. 2; S.I. 1991/2288, art. 3, Sch.
F6S. 55(4A) inserted (1.11.1991) by New Roads and Street Works Act 1991 (c. 22, SIF 59, 108), s. 168(1), Sch. 8 para. 46(4); S.I. 1991/2286, art. 2(2), Sch. 2; S.I. 1991/2288, art. 3, Sch.
F7S. 55(5) repealed (1.11.1991) by New Roads and Street Works Act 1991 (c. 22, SIF 59, 108), s. 168(1)(2), Sch. 8 para. 46(5), Sch. 9; S.I. 1991/2286, art. 2(2), Sch. 2; S.I. 1991/2288, art. 3, Sch.
F8Words repealed by Local Government Act 1985 (c. 51, SIF 81:1), ss. 1, 102(2)(3), Sch. 17
F10Words repealed by Local Government Act 1985 (c. 51, SIF 81:1), ss. 1, 102(2)(3), Sch. 17