19(1)A charging scheme must include a statement of the charging authority’s proposed general plan for applying the authority’s share of the net proceeds of the scheme during the opening ten year period.
(2)In sub-paragraph (1) above, “the opening ten year period”, in relation to any charging scheme, means the period which—
(a)begins with the date on which the scheme comes into force; and
(b)ends with the tenth financial year that commences on or after that date.
(3)An order containing a charging scheme shall not come into force unless and until the statement required by sub-paragraph (1) above has been approved—
(a)by the Secretary of State; and
(b)if the scheme is a borough scheme, by the Authority.
(4)In the case of a borough scheme, an application for approval under sub-paragraph (3)(a) above may only be made—
(a)by the Authority acting on behalf of the charging authority; and
(b)after the giving by the Authority of the approval required by sub-paragraph (3)(b) above.