PART 7Workplace parking
Financial provisions
I181Application of net proceeds of workplace parking licensing schemes
1
A local authority (the authority) may apply the net proceeds of a workplace parking licensing scheme (or, in a case where the authority is acting jointly with another local authority or authorities, the authority's share of the net proceeds) only for purposes of facilitating the achievement of—
a
policies in the authority's local transport strategy, or
b
in the case of a joint scheme, the policies in the local transport strategy of a local authority with whom the authority is acting jointly.
2
Before applying any share of net proceeds under subsection (1)(b), the authority must be satisfied that doing so will benefit some part of its area.
3
In this Part, “net proceeds” means the amount of money (if any) by which the gross amount received under the workplace parking licensing scheme for a financial year exceeds the expenses of operating the scheme for the financial year.