SCHEDULES

SCHEDULE 4Funding: Sponsor Body's Estimates

PART 2Phase one

Annual estimates during phase one

4

1

For the purposes of paragraph 3 the “phase one expenditure limit” means—

a

the limit, set by the House Commissions on or before the first day on which any provision of this Schedule comes into force, for phase one expenditure, or

b

if the House Commissions revise (or further revise) the limit for phase one expenditure, the revised limit.

2

Before revising (or further revising) the limit for phase one expenditure, the House Commissions must consult the Sponsor Body and the Delivery Authority.