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The Mandatory Travel Concessions (Reimbursement Arrangements) (Wales) Regulations 2001

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Formulation of reimbursement arrangements

4.—(1) Subject to regulations 3 and 8, and to paragraph (2) of this regulation, reimbursement arrangements adopted by an authority must be so formulated that the costs to operators of providing mandatory travel concessions are met by the payments made by the authority to operators pursuant to section 149(1) of the Act.

(2) In paragraph (1) of this regulation, the reference to the costs to operators of providing mandatory travel concessions is a reference to the aggregate of—

(a)the revenue by way of fares which the authority calculate that the operator has foregone or estimate that the operator will forego in consequence of the provision of the mandatory travel concessions in question, less any additional revenue from fares which the authority estimates the operator has received or will receive by reason of the availability of those concessions; and

(b)any costs additional to basic operating costs which the authority calculates that the operator has necessarily incurred or will necessarily incur in connection with providing mandatory travel concessions, less any reduction in basic operating costs which the authority estimates that the operator has achieved or will achieve by reason of the availability of those concessions.

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