C1Part II The National Crime Squad
Financial provisions
61AF1 Budget statement
1
The NCS 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 62 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 the National Crime Squad estimates will be incurred in connection with the National Crime Squad in the year,
b
any income which it is estimated will be received in that year, whether by way of charges imposed by the Authority under section 64, 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 NCS 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 62 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.
Pt. II (ss. 47-90): Power to continue conferred (11.5.2001) by 2001 c. 16, ss. 109(2)(c)(i), 138