Application of net proceeds of workplace parking licensing schemes
431.Section 81 specifies how funds raised by a workplace parking licensing scheme may be used by the local authority. The proceeds can be spent in two ways: scheme administration costs may be met first with net proceeds being applied on activities to support policies set out in a local transport strategy. Net proceeds is defined (in subsection (3)) as the total amount raised under the scheme minus scheme administration costs. Where a local authority is part of a joint scheme and funds activities to promote the local transport strategy of the local authority that they are in partnership with, they can only do so if it benefits some part of their area. Where there is joint working each partner must have a local transport strategy.
