PART 2

Establishment of a combined authority for Tees Valley

Funding
5
1
The constituent councils must meet the costs of the Combined Authority reasonably attributable to the Combined Authority’s exercise of the functions mentioned in article 7 (economic development and regeneration functions).
2
The amount payable by each of the constituent councils in respect of the functions mentioned in article 7 is to be determined by apportioning the costs of the Combined Authority referred to in paragraph (1) between the constituent councils in such proportions as they may agree or, in default of such agreement, in the following shares between the constituent councils—
- Darlington 15.80%
- Hartlepool 14.67%
- Middlesbrough 20.89%
- Redcar and Cleveland 20.97%
- Stockton-on-Tees 27.67%.
3
The constituent councils must meet the costs of the Combined Authority reasonably attributable to the Combined Authority’s exercise of the functions mentioned in article 6 (delegation of transport functions).
4
The amount payable by each of the constituent councils in respect of the functions mentioned in article 6 is to be determined by apportioning the costs of the Combined Authority referred to in paragraph (3) between the constituent councils in such proportions as they may agree or, in default of such agreement, the amount payable shall be in the same proportion to the amount that each of the constituent councils have spent on the functions mentioned in article 6 in the financial year ending on 31st March 2016.
Art. 5 in force at 1.4.2016, see art. 1