The Environment Agency may issue levies to the lead local flood authority for an area in respect of the Agency's flood and coastal erosion risk management functions in that area.

A levy issued under this section shall be issued in accordance with regulations under section 74 of the Local Government Finance Act 1988.

The Agency shall be treated as a levying body within the meaning of that section.

This section is subject to the requirement in section 23(3) to obtain the consent of the appropriate Regional Flood and Coastal Committee.