Part III Financial Provisions
Chapter II Grants and F1locally retained Non-domestic Rates
Annotations:
Amendments (Textual)
Grants
I1101GLA 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)