SCHEDULE 1Infrastructure-levy regulations

Accounting requirements

13

(1)

Infrastructure-levy regulations may make provision about the accounts that local authorities are to keep in connection with—

(a)

the exercise of their functions under infrastructure-levy regulations, and

(b)

their expenditure of infrastructure-levy income.

(2)

In sub-paragraph (1), “infrastructure-levy income” includes monies collected as financial penalties imposed by virtue of paragraph 9.