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(1)This section has effect in respect of fees which may be prescribed in relation to applications for monitoring under section 24.
(2)In setting a fee for an application made during the period of five years beginning with the commencement of that section, the Secretary of State may take account of expenditure incurred, or which he thinks will be incurred, by him before the end of that period (taking one financial year with another)—
(a)in connection with the operation of IBB (including payments under paragraph 11 of Schedule 1);
(b)in respect of any other expenditure of the Secretary of State in connection with his functions under this Act.
(3)In setting a fee for an application made after that period, the Secretary of State may take account of expenditure incurred, or which he thinks will be incurred, by him—
(a)in making payments under paragraph 11 of Schedule 1;
(b)in respect of any other expenditure of the Secretary of State in connection with his functions under this Act.
(4)For the purposes of subsection (2), it is immaterial that any expenditure is incurred before the commencement of section 24.
(5)The power to prescribe fees is exercisable only with the consent of the Treasury.
(6)Fees received by the Secretary of State by virtue of section 24(1)(d) must be paid into the Consolidated Fund.
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