# Greater London Authority Act 1999, Paragraph 16

Extent: E+W+S

(1) In the case of any charging scheme ..., the net proceeds of the scheme shall,..., be available only for application for relevant transport purposes by any one or more of the following bodies, namely—
(a) the Authority;
(b) Transport for London; or
(c) a London borough council.
(1A) Sub-paragraph (1) above is subject to paragraph 18(1A) and (1B) below.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) The net proceeds of charging schemes may only be applied for purposes which provide value for money.
(6) Sub-paragraphs (1) and (5) above are without prejudice to paragraph 15(6) above.
(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1999/29/schedule/23/paragraph/16 (the official version)
Page: https://openlegislation.uk/greater-london-authority-act-1999/schedule-23/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.