Apportionment of levies
5.—(1) In regulation 7(4)—
(a)in sub-paragraph (ac) after “in accordance with regulation 7C,” omit “and”; and
(b)after sub-paragraph (ac) insert—
“(ad)in the case of the levies to be issued by the Cambridgeshire and Peterborough Combined Authority, in accordance with regulation 7D, and”.
(2) After regulation 7C insert the following regulation—
“Calculation and apportionment of levies issued by the Cambridgeshire and Peterborough Combined Authority
7D.—(1) The amounts of the levies to be issued by the Cambridgeshire and Peterborough Combined Authority (“the Authority”) to Cambridgeshire County Council and Peterborough City Council (“the upper-tier authorities”) for the financial year 2018 to 2019, or any subsequent financial year, shall be determined in accordance with the following provisions of this regulation.
(2) The Authority shall apportion its estimated relevant expenditure for the financial year in question in such proportion as the upper-tier authorities agree.
(3) In default of such agreement, the Authority shall apportion its estimated relevant expenditure for the financial year in question in the same proportion to the amount that each of the upper-tier authorities has spent on the transport functions mentioned in article 8 of the Cambridgeshire and Peterborough Combined Authority Order 2017 (“the 2017 Order”) in the financial year ending on 31st March 2018.
(4) Where, as respects any financial year, the Authority estimates that the apportionment of its actual expenditure will differ from that estimated under paragraph (2) or (3), the Authority shall make appropriate adjustments to its estimates under paragraph (2) or (3) for the ensuing financial year.
(5) Those adjustments shall be made with a view to ensuring that, so far as practicable and taking one year with another, the proportions in which relevant expenditure is met by the levies payable by the upper-tier authorities under article 6(1) of the 2017 Order, so far as these relate to transport functions listed within article 8 of that Order, reflect the actual expenditure of the Authority.”.