Parliamentary Buildings (Restoration and Renewal) Act 2019

Annual estimates during phase one U.K.

3 (1) This paragraph applies in relation to a financial year of the Sponsor Body that begins during phase one, other than— U.K.

(a) the Sponsor Body's first financial year, or

(b) a financial year to which paragraph 6 applies.

(2) The Sponsor Body must prepare an estimate of its expenditure for the financial year.

(3) The estimate must reflect the Delivery Authority's statement of resources for the year, as approved by the Sponsor Body under paragraph 7 of Schedule 2.

(4) The Sponsor Body must submit to the Estimates Commission—

(a) the estimate for the year, and

(b) the Delivery Authority's most recent phase one cost assessment.

(5) The Estimates Commission must review the estimate, and in doing so must—

(a) consult the Treasury, and

(b) have regard to any advice given by the Treasury.

(6) The Estimates Commission may make such comments on the estimate as it considers appropriate.

(7) If the phase one cost assessment exceeds the phase one expenditure limit (see paragraph 4), the Estimates Commission may—

(a) lay the estimate before the House of Commons, or

(b) reject it.

(8) Otherwise, the Estimates Commission must lay the estimate before the House of Commons.

(9) When laying the estimate before the House of Commons under sub-paragraph (7)(a) or (8), the Estimates Commission must also lay before that House—

(a) the Estimates Commission's comments on the estimate, and

(b) any comments made by the Treasury as a result of the consultation under sub-paragraph (5)(a).

(10) If the Estimates Commission rejects the estimate under sub-paragraph (7)(b), the Sponsor Body must prepare a fresh estimate for the year (and sub-paragraphs (3) to (9) apply accordingly).

4 (1) For the purposes of paragraph 3 the “phase one expenditure limit” means— U.K.

(a) the limit, set by the House Commissions on or before the first day on which any provision of this Schedule comes into force, for phase one expenditure, or

(b) if the House Commissions revise (or further revise) the limit for phase one expenditure, the revised limit.

(2) Before revising (or further revising) the limit for phase one expenditure, the House Commissions must consult the Sponsor Body and the Delivery Authority.