Police Act 1997

[F1 16A Budget statement U.K.

(1) The NCIS Service Authority shall, before the beginning of each financial year, submit to the Secretary of State a budget statement for that year.

(2) In this section references to a budget statement for a financial year are to a statement of the amount which the Authority estimates it requires by way of grant under section 17 for that year.

(3) In preparing a budget statement for a financial year, the Authority shall take account of—

(a) the expenditure which the Director General of NCIS estimates will be incurred in connection with NCIS in the year,

(b) any income which it is estimated will be received in that year, whether by way of payments under section 18A or by way of charges imposed by the Authority under section 19, or otherwise,

(c) the financial reserves of the Authority and the reserves which it estimates it will be appropriate to raise in the year for meeting its estimated future expenditure,

(d) the current and proposed level of borrowing of the Authority,

(e) the views of all members of the Authority, and

(f) such other matters as may be prescribed.

(4) A budget statement submitted under subsection (1) shall be in such form, and contain such information, as may be prescribed.

(5) Where the NCIS Service Authority has submitted a budget statement for a financial year, it shall notify the Secretary of State, as soon as is practicable, of any change in circumstances which results in a material change (whether an increase or a reduction) in the amount required (or expected to be required) by it by way of grant under section 17 for that year.

(6) In this section “prescribed” means prescribed by an order made by the Secretary of State.

(7) A statutory instrument containing an order under this section shall be subject to annulment in pursuance of a resolution of the House of Commons.]

Textual Amendments

F1 S. 16A inserted (1.8.2001) by 2001 c. 16, s. 110; S.I. 2001/2223, art. 3(f)