126.Schedule 5 makes provision for scrutiny by police and crime panels of a precept that the police and crime commissioner intends to issue in order to raise funds for policing by way of council tax. It requires the police and crime commissioner to notify the police and crime panel of the proposed precept, for the panel to consider the proposal and report on it, and for the commissioner to have regard to the report. The police and crime panel also has the power to veto a proposed precept provided that two thirds of the total membership of the panel agrees. If this power of veto is not exercised, the police and crime commissioner must issue the proposed veto, or issue a different precept in accordance with the recommendation made by the police and crime panel in its report.
127.Paragraphs 7 and 8 give the Secretary of State the power to make regulations governing the procedure for the panel's scrutiny of precepts, and the procedure to be followed if a proposed precept is vetoed, in order to ensure that a precept is eventually issued.
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