Local Democracy, Economic Development and Construction Act 2009

Prospective

FundingE+W

11(1)The expenditure of the Commission is to be met, in accordance with this paragraph, out of money provided by Parliament.E+W

(2)For each financial year of the Commission (other than the first) the Commission must prepare, and submit to the Speaker's Committee, an estimate of its income and expenditure.

(3)The Speaker's Committee must—

(a)examine each such estimate,

(b)decide whether they are satisfied that the estimated level of income and expenditure is consistent with the economical, efficient and effective discharge by the Commission of its functions, and

(c)if they are not so satisfied, must make such modifications to the estimate as they consider appropriate for the purpose of achieving such consistency.

(4)Before deciding whether they are so satisfied or making any such modification the Speaker's Committee must—

(a)have regard to the most recent report made to them by the Comptroller and Auditor General under paragraph 13 and to any recommendations contained in that report, and

(b)consult the Treasury and have regard to any advice which the Treasury may give.

(5)The Speaker's Committee must, after concluding their examination and making their modifications (if any) to the estimate, lay the estimate before the House of Commons.

(6)If the Speaker's Committee, in the discharge of their functions under this paragraph—

(a)do not follow any recommendation contained in the report of the Comptroller and Auditor General,

(b)do not follow any advice given to them by the Treasury, or

(c)make any modification to the estimate,

they must include in the next report which they make to the House of Commons under paragraph 1 of Schedule 2 of the 2000 Act a statement of their reasons for so doing.