SCHEDULES

SCHEDULE 4Funding: Sponsor Body's Estimates

PART 1Introduction

Interpretation

1

1

In this Schedule—

  • “Parliamentary approval” means approval by a resolution of each House of Parliament;

  • “phase one” means the period that—

    1. a

      begins with the first day on which any provision of section 1 comes into force, and

    2. b

      ends when Parliamentary approval is obtained for the purposes of section 7(2)(a) and (b) (approval relating to works and funding);

  • “phase one works” means the Parliamentary building works that are not phase two works (and “phase one expenditure” means expenditure in connection with phase one works);

  • “phase two” means the period that—

    1. a

      begins when Parliamentary approval is obtained for the purposes of section 7(2)(a) and (b), and

    2. b

      ends with completion of the Parliamentary building works;

  • “phase two works” means the Parliamentary building works that are proposed to be carried out during phase two (and “phase two expenditure” means expenditure in connection with phase two works).

2

For the purposes of the definitions of “phase one” and “phase two”, where one House passes a resolution on a different day from the other House, the reference to the day on which Parliamentary approval is given is to be read as a reference to the second of those days.

Assessment of expenditure

2

1

The Delivery Authority must, at least once during each assessment period that begins during phase one, assess the total amount of phase one expenditure.

2

That amount is to be found by adding together—

a

the amount of phase one expenditure that has already been incurred, and

b

the amount of further phase one expenditure that the Delivery Authority expects to be incurred.

3

The Delivery Authority must, at least once during each assessment period that begins during phase two, assess the total amount of phase two expenditure.

4

That amount is to be found by adding together—

a

the amount of phase two expenditure that has already been incurred, and

b

the amount of further phase two expenditure that the Delivery Authority expects to be incurred.

5

In this paragraph “assessment period” means—

a

the period of 6 months beginning with the first day on which any provision of this Schedule comes into force, and

b

each subsequent period of 6 months.

6

The Delivery Authority must give the Sponsor Body an assessment under this paragraph as soon as practicable after it is made.

7

In this Schedule—

a

“phase one cost assessment” means an assessment under sub-paragraph (1);

b

“phase two cost assessment” means an assessment under sub-paragraph (3).