Part III Financial Provisions
Chapter II Grants and F3locally retained Non-domestic Rates
Grants
I1100 General GLA grant.
F11
The Secretary of State may pay a grant (to be called “general GLA grant”) to the Authority for a financial year.
2
The grant shall be paid for the purposes of the Authority and the functional bodies.
3
For each financial year F2for which general GLA grant is to be paid the Secretary of State shall make a determination under this section.
4
A determination shall state the amount of the grant for the year.
5
Before making a determination, the Secretary of State shall consult the Mayor.
6
The grant shall be paid in such instalments or such amounts and at such times as the Secretary of State may, with the Treasury’s consent, determine.
I2101GLA transport grant.
1
For each financial year, the Secretary of State shall pay a grant (to be called GLA transport grant) to the Authority.
2
The grant shall be paid for the purposes of Transport for London.
3
For each financial year the Secretary of State, after consultation with the Mayor, shall make a determination stating the amount of the grant for the year.
4
The grant shall be paid in such instalments or such amounts and at such times as the Secretary of State may, with the Treasury’s consent, determine.
5
The amount of the grant, or any terms relating to payment of the grant, may be varied from time to time by the Secretary of State after consultation with the Mayor.
Words in Pt. 3 Ch. 2 heading substituted (27.3.2013) by The Local Government Finance Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/733), arts. 1, 3(4)