(1)The net expenses of a Transport Partnership for each financial year shall be paid by—
(a)its constituent councils; or
(b)where there is only one, that council.
(2)The share of the expenses to be paid by a constituent council under subsection (1)(a) above shall be—
(a)such as the Transport Partnership, having regard to its transport strategy, thinks fit; or
(b)where the Partnership is unable to decide, such as is determined by the Scottish Ministers by order.
(3)The Scottish Ministers may, by order, provide as to the arrangements for the payment of amounts payable under this section.
(4)For the purposes of this section, the net expenses of a Transport Partnership for a financial year are those of its expenses for that year which are not met—
(a)by a grant made by any person which is not repayable;
(b)by a grant so made which is subject to a condition requiring repayment and which remains unsatisfied; or
(c)by any other income for that year.
(5)A Transport Partnership may give grants or loans to any person for any purposes that, in its opinion, contribute to the implementation of the Partnership’s transport strategy.
(6)Such grants or loans may be given subject to such conditions (including conditions requiring repayment in specified circumstances) as the Transport Partnership decides.
(7)A Transport Partnership may borrow money for the purpose of its capital expenditure.
(8)In this section, “financial year” means the period of 12 months ending with 31st March.
Schedule 1 provides further as to Transport Partnerships and their members.