Part 1Regional transport
Chapter 1Regional Transport Partnerships
Administration
I13Regional Transport Partnerships: funding and borrowing
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 F1estimated expenses for that yearF2, and of any outstanding expenses from the financial year previous to 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; F3...
c
by any other income for that year.
F4d
by funds held by the Transport Partnership that it allocates to meet expenses for that year.
F54A
A Transport Partnership must, having regard to its transport strategy, prepare a forecast of its net expenses for each financial year and provide a copy of the forecast to—
a
its constituent councils, or
b
where there is only one, that council.
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.