SCHEDULES

SCHEDULE 2Rail users' consultative committees

Financial provisions

8

1

There shall be paid by the Regulator out of money provided by Parliament—

a

any sums payable to or in respect of any person under paragraph 2, 3 or 7 above; and

b

any expenses incurred by the committee in accordance with any statement approved under sub-paragraph (3) below.

2

The committee shall prepare and send to the Regulator not less than two months, or such other period as the Regulator may specify, before the beginning of each financial year a statement of the expenses which they expect to incur in respect of that year for the purposes of, or in connection with, the carrying out of their functions.

3

The Regulator shall consider any statement sent to him under sub-paragraph (2) above and shall either approve the statement or approve it with such modifications as he considers appropriate.