http://www.legislation.gov.uk/id/ukpga/2019/27/schedule/2

SCHEDULES

SCHEDULE 2The Delivery Authority

Statement of required resources

8

1

The Delivery Authority may prepare a supplementary statement for a financial year setting out—

a

any additional resources it requires for the year in order to exercise its functions, or

b

any reduction in the resources it requires for the year for that purpose.

2

The Delivery Authority must send a supplementary statement to the Sponsor Body.

3

The Sponsor Body must review a supplementary statement and may approve or reject it.

4

A supplementary statement that has been approved by the Sponsor Body is to be reflected in a supplementary estimate prepared by the Sponsor Body for the financial year to which the statement relates (see paragraphs 5, 7 and 9 of Schedule 4).