(1)The Secretary of State may make grants to any [F2police and crime commissioner] in respect of expenditure incurred (or to be incurred) by [F3the commissioner] at any time before the beginning of its first precepting year.
(2)Without prejudice to any other powers to borrow, a [F4police and crime commissioner] may borrow by way of temporary loan or overdraft from a bank or otherwise any sums which [F5the commissioner] may require for the purpose of meeting [F6the commissioner's] expenditure before the beginning of [F6the commissioner's] first precepting year.
(3)The sums borrowed by [F7a commissioner] under this section shall not exceed such amount as the Secretary of State may determine, and shall be repaid before the end of [F8the commissioner's] first precepting year.
(4)For the purposes of this section the “first precepting year” of [F9a police and crime commissioner] is the financial year in which revenue is first received by [F10the commissioner] as a result of a precept issued by [F10the commissioner] under Part I of the M1Local Government Finance Act 1992.
Textual Amendments
F1Words in s. 94 title substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(7), 157(1); S.I. 2012/2892, art. 2(a)
F2Words in s. 94(1) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(8)(a), 157(1); S.I. 2012/2892, art. 2(a)
F3Words in s. 94(1) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(8)(b), 157(1); S.I. 2012/2892, art. 2(a)
F4Words in s. 94(2) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(9)(a), 157(1); S.I. 2012/2892, art. 2(a)
F5Words in s. 94(2) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(9)(b), 157(1); S.I. 2012/2892, art. 2(a)
F6Words in s. 94(2) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(9)(c), 157(1); S.I. 2012/2892, art. 2(a)
F7Words in s. 94(3) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(10)(a), 157(1); S.I. 2012/2892, art. 2(a)
F8Words in s. 94(3) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(10)(b), 157(1); S.I. 2012/2892, art. 2(a)
F9Words in s. 94(4) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(11)(a), 157(1); S.I. 2012/2892, art. 2(a)
F10Words in s. 94(4) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(11)(b), 157(1); S.I. 2012/2892, art. 2(a)
Modifications etc. (not altering text)
C1S. 94 excluded (8.5.2017) by The Greater Manchester Combined Authority (Transfer of Police and Crime Commissioner Functions to the Mayor) Order 2017 (S.I. 2017/470), art. 1(2), Sch. 2 para. 17
Marginal Citations