London Local Authorities and Transport for London Act 2008

24 Levels of charges, financial provisions, etc.

(1) Different levels of charges (but not of bonds) payable or recoverable under this Part of this Act may be prescribed for different cases or classes of case.

(2) Income and expenditure in respect of this Part of this Act shall be treated by the London authorities under such one or more of the relevant financial provisions as they think fit.

(3) Regulations under section 88 of the 2004 Act may make provision about—

(a) the keeping of accounts and the preparation and publication of statements of account, of the income and expenditure of London authorities in connection with their functions under this Part of this Act; and

(b) as to the purposes for which any surpluses may be applied.

(4) In determining, for the purposes of any provision of this Act, whether a penalty charge has been paid before the end of a particular period, it shall be taken to be paid when it is received by the London authority concerned.

(5) For the purposes of subsection (2) above, “the relevant financial provisions” means—

(a) section 55 of the 1984 Act (financial provisions relating to designation orders);

(b) Schedule 2 to the London Local Authorities Act 1996 (c. ix) (financial provisions relating to Part II (bus lanes));

(c) regulations made under subsection (8)(d) of section 144 of the Transport Act 2000 (c. 38) (civil penalties for bus lane contraventions);

(d) Schedule 2 to the Act of 2003 (financial provisions relating to sections 4 (penalty charges for road traffic contraventions) and 8 to 11 (fixed penalties) of that Act);

(e) paragraphs 15 to 18 of Schedule 23 to the Greater London Authority Act 1999 (c. 29) (accounts and funds, etc. for road user charging schemes);

(f) regulations made under the said section 88 as mentioned in subsection (3) above.