122Regional Transport Partnerships: finance
(1)Section 3 of the Transport (Scotland) Act 2005 (regional Transport Partnerships: funding and borrowing) is amended as follows—
(a)in subsection (4)—
(i)after “its” insert “estimated”,
(ii)after “year” where it second occurs insert “, and of any outstanding expenses from the financial year previous to that year,”,
(iii)the “or” immediately following paragraph (b) is repealed,
(iv)after paragraph (c) insert—
“(d)by funds held by the Transport Partnership that it allocates to meet expenses for that year.”,
(b)after subsection (4) insert—
“(4A)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.”.
(2)Paragraph 28 of schedule 3 of the Local Government (Scotland) Act 1975 (application of schedule to other bodies) is amended as follows—
(a)in sub-paragraph (1), for “and the Strathclyde Passenger Transport Authority” substitute “, the Strathclyde Passenger Transport Authority and a Transport Partnership created by order under section 1 of the Transport (Scotland) Act 2005”,
(b)in sub-paragraph (2)—
(i)after “this” insert “Schedule to—”,
(ii)the “and” immediately following paragraph (a) is repealed,
(iii)after paragraph (b) insert “, and
(c)a Transport Partnership.”.
(3)In section 165(6) of the Local Government etc. (Scotland) Act 1994 (meaning of “authority”), for “or the Strathclyde Passenger Transport Authority” substitute “, the Strathclyde Passenger Transport Authority or a Transport Partnership created by order under section 1 of the Transport (Scotland) Act 2005”.