121 Revenue grants between Authority and functional bodies.E+W+S
(1)The Authority may pay grants towards meeting expenditure, other than [F1capital expenditure], incurred or to be incurred by a functional body for the purposes of, or in connection with, the discharge of the functions of that body.
(2)A functional body may, with the consent of the Mayor, pay a grant towards meeting expenditure, other than [F1capital expenditure], incurred or to be incurred by another functional body, or by the Authority, for the purposes of, or in connection with, the discharge of the functions of the body to which the grant is made.
(3)A grant under this section must not be made subject to any limitation in respect of the expenditure which it may be applied towards meeting (other than that the expenditure must not be [F1capital expenditure]).
(4)A grant under this section must be applied by the recipient body solely towards meeting expenditure incurred or to be incurred by that body for the purposes of, or in connection with, the discharge of its functions, other than [F1capital expenditure].
Textual Amendments
F1Words in s. 121 substituted (1.4.2004) by Local Government Act 2003 (c. 26), s. 128(3)(e), Sch. 7 para. 74; S.I. 2003/2938, art. 6(d)(i) (with art. 8, Sch.)