6(1)This paragraph applies in relation to a financial year of the Sponsor Body if—
(a)the financial year is one that begins during phase one, and
(b)the Sponsor Body expects during the financial year to seek Parliamentary approval for the purposes of section 7(2)(a) and (b).
(2)The Sponsor Body must prepare an estimate of—
(a)its phase one expenditure for the financial year, and
(b)its phase two expenditure for the year.
(3)The estimate must reflect the Delivery Authority’s statement of resources for the year, as approved by the Sponsor Body under paragraph 7 of Schedule 2.
(4)The Sponsor Body must submit to the Estimates Commission—
(a)the estimate for the year, and
(b)the Delivery Authority’s most recent phase one cost assessment.
(5)The Estimates Commission must review the estimate, and in so doing must—
(a)consult the Treasury, and
(b)have regard to any advice given by the Treasury.
(6)The Estimates Commission may make such comments on the estimate as it considers appropriate.
(7)If the phase one cost assessment exceeds the phase one expenditure limit (as defined by paragraph 4(1)), the Estimates Commission may—
(a)lay the estimate before the House of Commons, or
(b)reject it.
(8)Otherwise, the Estimates Commission must lay the estimate before the House of Commons.
(9)When laying the estimate before the House of Commons under sub-paragraph (7)(a) or (8), the Estimates Commission must also lay before that House—
(a)the Estimates Commission’s comments on the estimate, and
(b)any comments made by the Treasury as a result of the consultation under sub-paragraph (5)(a).
(10)If the Estimates Commission rejects the estimate under sub-paragraph (7)(b), the Sponsor Body must prepare a fresh estimate for the year (and sub-paragraphs (3) to (9) apply accordingly).
7(1)Where under paragraph 8 of Schedule 2 the Sponsor Body approves a supplementary statement of resources prepared by the Delivery Authority in respect of a financial year to which paragraph 6 applies, the Sponsor Body must prepare a supplementary estimate of its expenditure for that year.
(2)The supplementary estimate must reflect the Delivery Authority’s supplementary statement of resources for the financial year.
(3)Paragraph 6(4) to (9) applies to a supplementary estimate as it applies to an estimate prepared under paragraph 6.