13(1)If a member of Transport for London has any interest, whether direct or indirect, and whether pecuniary or not, in any matter that is brought up for consideration at a meeting of Transport for London he shall disclose the nature of the interest to the meeting; and, where such a disclosure is made—
(a)the disclosure shall be recorded in the minutes of the meeting; and
(b)the member shall not take any part in any deliberation or decision of Transport for London, or any of its committees or sub-committees, with respect to that matter.
(2)A member need not attend in person at a meeting of Transport for London in order to make a disclosure which he is required to make under this paragraph if he takes reasonable steps to secure that the disclosure is made by a notice which is read and considered at the meeting.
(3)The Mayor may, subject to such conditions as he considers appropriate, remove any disability imposed by virtue of this paragraph in any case where the number of members of Transport for London disabled by virtue of this paragraph at any one time would be so great a proportion of the whole as to impede the transaction of business.
(4)The power of the Mayor under sub-paragraph (3) above includes power to remove, either indefinitely or for any period, a disability which would otherwise attach to any member, or members of any description, by reason of such interests, and in respect of such matters, as may be specified or described by the Mayor.
(5)Where the Mayor exercises the power under sub-paragraph (3) above to remove a disability—
(a)he shall notify Transport for London that he has done so, and of his reasons for doing so, and
(b)the removal of the disability and the Mayor’s reasons shall be recorded in the minutes of Transport for London.
(6)If any person fails to comply with the provisions of sub-paragraph (1) above, he shall for each offence be liable on summary conviction to a fine not exceeding level 4 on the standard scale unless he proves that he did not know that the contract, proposed contract or other matter in which he had the interest was the subject of consideration at the meeting.
(7)A prosecution for an offence under this paragraph shall not be instituted except by or on behalf of the Director of Public Prosecutions.
(8)Transport for London may provide for the exclusion of a member from a meeting of Transport for London while any contract, proposed contract or other matter in which he has such an interest as is mentioned in sub-paragraph (1) above is under consideration.
(9)Section 95 of the [1972 c. 70.] Local Government Act 1972 (pecuniary interests for the purposes of section 94) shall apply for the purposes of this paragraph as it applies for the purposes of that section.
(10)Section 96 of that Act (general notices and recording of disclosures for the purposes of section 94) shall apply for the purposes of this paragraph, but taking—
(a)any reference to a proper officer of the authority as a reference to an officer appointed by Transport for London for the purpose;
(b)any reference to a member of the authority as a reference to a member of Transport for London;
(c)any reference to premises owned by the authority as a reference to premises owned by Transport for London; and
(d)any reference to section 94 of that Act as a reference to this paragraph.
(11)Subsections (4) and (5) of section 97 of that Act (disregard of certain interests for the purposes of section 94) shall apply in relation to this paragraph as they apply in relation to section 94 of that Act, but as if—
(a)the members of Transport for London were members of a local authority; and
(b)in subsection (5), for “a pecuniary interest” there were substituted “an interest (whether pecuniary or not)”.
(12)Section 19 of the [1989 c. 42.] Local Government and Housing Act 1989 (members' interests) shall apply as if—
(a)Transport for London were a local authority;
(b)the members of Transport for London were the members of that local authority;
(c)an officer appointed by Transport for London for the purpose were the proper officer of that local authority,
(d)any reference to a pecuniary interest were a reference to an interest, whether pecuniary or not; and
(e)any reference to section 94 of the [1972 c. 70.] Local Government Act 1972 were a reference to this paragraph.