Part III Financial Provisions

Chapter II Grants and Redistributed Non-domestic Rates

Grants

I1100 General GLA grant.

1

For each financial year, the Secretary of State shall pay a grant (to be called general GLA grant) to the Authority.

2

The grant shall be paid for the purposes of the Authority and the functional bodies.

3

For each financial year 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.