SCHEDULES

SCHEDULE 4 Standards Board for England

Finance

I112

1

The Secretary of State must pay to the Standards Board in respect of each financial year such amount as he determines to be the amount required—

a

for the performance during that year of the functions of the Board, and

b

for the performance during that year of the functions of its ethical standards officers.

2

Any determination under sub-paragraph (1) requires the approval of the Treasury.

3

In this paragraph “financial year” means—

a

the period beginning with the date on which the Standards Board is established and ending with the next 31st March following that date, and

b

each successive period of twelve months ending with 31st March.