112In section 40 (issue of precepts by major precepting authority), after subsection (11) insert—
“(12)Where the precepting authority is a mayoral CCA—
(a)a precept may be issued under this section only in relation to expenditure incurred by the mayor for the authority’s area in, or in connection with, the exercise of mayoral functions (as defined by section 41(8) of the Levelling-up and Regeneration Act 2023), and
(b)the issuing and calculation of a precept under this Chapter is subject to any provision made in regulations under that section.”
Commencement Information
I1Sch. 4 para. 112 in force at 26.12.2023, see s. 255(2)(c)