This is the original version (as it was originally enacted).
8(1)This paragraph applies to a non-metropolitan local traffic authority’s share of the net proceeds of any early relevant scheme during the initial period of the scheme.
(2)The share of the net proceeds is available only—
(a)for application by the authority for the purpose of directly or indirectly facilitating the achievement of policies in the authority’s local transport plan, or
(b)for application by any authority falling within sub-paragraph (3) selected by the authority whose share it is in accordance with sub-paragraph (4).
(3)The authorities which fall within this sub-paragraph are—
(a)other non-metropolitan local traffic authorities and
(b)London traffic authorities and the Greater London Authority.
(4)A share of the net proceeds of a relevant scheme is applied in accordance with this sub-paragraph if it is applied—
(a)by a non-metropolitan local traffic authority for the purpose of directly or indirectly facilitating the achievement of any policies in its local transport plan, or
(b)by a London traffic authority or the Greater London Authority in accordance with the transport strategy prepared and published under section 142 of the [1999 c. 29.] Greater London Authority Act 1999,
in a way which will benefit the whole or any part of the area of the non-metropolitan local traffic authority whose share it is.
(5)In this paragraph “early relevant scheme” means a relevant scheme which comes into force during the period of ten years beginning with the commencement of this Schedule.
(6)In this paragraph “the initial period”, in relation to an early relevant scheme, means—
(a)the period which begins with the date on which the relevant scheme comes into force and ends with the tenth financial year that commences on or after that date, or
(b)such longer period as may be specified in the case of the relevant scheme by the appropriate national authority.
(7)The appropriate national authority may by regulations make provision as to circumstances in which—
(a)the same scheme is to be regarded as continuing in force in spite of a variation of the scheme or the revocation and replacement (with or without modifications) of the scheme, or
(b)a different scheme is, or is not, to be regarded as coming into force,
for the purposes of determining when the initial period begins or expires in the case of a scheme.
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