1(1)A police and crime commissioner may not issue a precept under section 40 of the Local Government Finance Act 1992 for a financial year until the end of the scrutiny process is reached.E+W
(2)The end of the scrutiny process is reached when—
(a)in a case where paragraph 5 applies, the police and crime commissioner gives the police and crime panel a response to the panel's report; or
(b)in a case where paragraph 6 applies, the end of the process is reached in accordance with regulations under paragraph 8.
(3)References in this Schedule to the issuing of a precept include references to the issuing of a substitute precept.