Greater London Authority Act 1999

25 (1) A licensing scheme must include a statement of the licensing 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 licensing 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 licensing 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 licensing authority; and

(b) after the giving by the Authority of the approval required by sub-paragraph (3)(b) above.