81Application 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.