Part IIIFinancial Provisions
Chapter IVRevenue Accounts and Capital Finance
Credit approvals
115Notification of category C or D allocations
1
Where the Mayor makes an allocation from a category C or D amount—
a
under an aggregate credit approval, to the Authority, or
b
under an additional credit approval, to the Authority or a functional body,
he shall give notice of the allocation to each of the functional bodies.
2
Where the Mayor makes an allocation to a functional body from a category C or D amount under an aggregate credit approval, notice of the allocation shall be given to each of the functional bodies by including a statement of the amount so allocated (together with a statement of the purposes for which the amount is allocated) in section B of the capital spending plan, pursuant to section 122(4)(d) below.
3
In the other provisions of this Chapter, any reference to notice of an allocation from a category C or D amount is a reference to the notice of the allocation given in accordance with subsection (1) or (2) above.