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Funding, including levy funding
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24.—(1) Subject to paragraph (3), the constituent councils must ensure that the costs of the Combined County Authority reasonably attributable to the exercise of its functions are met.
(2) Any amount payable by each of the constituent councils is to be determined by apportioning the costs of the Combined County Authority referred to in paragraph (1) between the constituent councils in such proportions as they may agree or, in default of such agreement, in the following shares between the constituent councils—
(3) The costs of the Combined County Authority reasonably attributable to the exercise of its functions relating to transport may be met by means of a levy issued by the Combined County Authority to the constituent councils under section 74 of the Local Government Finance Act 1988() and in accordance with Regulations made thereunder().
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