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Changes over time for: Paragraph 7


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 09/02/2009
Status:
Point in time view as at 01/02/2001.
Changes to legislation:
Transport Act 2000, Paragraph 7 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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Nodiadau Esboniadol
7(1)At the end of each financial year any deficit in an account required to be kept under paragraph 6 shall be made good by the relevant authority or authorities.E+W
(2)Any surplus in such an account may (so far as not made available for any purpose in accordance with this Schedule) be applied by the relevant authority or authorities towards making good any amount used to make good a deficit in respect of the account in the ten years immediately preceding the financial year.
(3)So much of any surplus as remains after the application of sub-paragraph (2) shall be carried forward in the account to the next financial year.
(4)A relevant scheme made by more than one authority must make provision specifying or for determining—
(a)the proportion of any deficit which each authority shall make good, and
(b)the proportion of any surplus which each authority may apply in accordance with sub-paragraph (2).
(5)Any deficit required to be made good shall be made good—
(a)in the case of a Welsh county council or county borough council, from its general account,
(b)in the case of Transport for London, from its gross income, and
(c)in the case of any other non-metropolitan local traffic authority or London traffic authority, from its general fund.
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