Article 2 London scheme: date for approval of total expenditure
This paragraph applies where a scheme made under section 48 in relation to Greater London requires the total expenditure to be incurred under the scheme in any financial year—
in the making of grants; and
in the discharging by the designated council of its functions under the scheme,
to be approved in accordance with the scheme by some or all of the constituent councils.
If paragraph (1) applies, and the total expenditure to be incurred in any financial year beginning in or after 1993 is not approved as required by the scheme before 1st February in the year in which that financial year begins, the constituent councils shall be deemed, subject to any order which has been or may be made under section 48(5), all to have given their approval for that financial year to total expenditure of an amount equal to the amount that was approved or, as the case may be, deemed to have been approved for the preceding financial year.