Transport Act 2000

This section has no associated Explanatory Notes

9(1)Paragraph 15 (accounts and funds) is amended as follows.

(2)In sub-paragraphs (1) and (2), for “of their income and expenditure in respect of” substitute “relating to”.

(3)In sub-paragraph (3)—

(a)for the words from the beginning to “year, each” substitute “Each”, and

(b)for “that year” substitute “each financial year”.

(4)After sub-paragraph (4) insert—

(4A)Regulations may make further provision relating to—

(a)accounts required to be kept under sub-paragraph (1) or (2) above (including provision requiring or allowing the keeping of consolidated accounts relating to more than one charging scheme); and

(b)the preparation and publication of statements of such accounts.

(5)In sub-paragraph (5)(b), after “account” insert “(after the application of any of the net proceeds in accordance with the following provisions)”.