# Greater London Authority Act 1999, Paragraph 25


(1) A licensing scheme must include a statement of the licensing authority’s proposed general plan for applying the authority’s share of the net proceeds of the scheme during the opening ten year period.
(2) In sub-paragraph (1) above, “the opening ten year period”, in relation to any licensing scheme, means the period which—
(a) begins with the date on which the scheme comes into force; and
(b) ends with the tenth financial year that commences on or after that date.
(3) An order containing a licensing scheme shall not come into force unless and until the statement required by sub-paragraph (1) above has been approved—
(a) by the Secretary of State; and
(b) if the scheme is a borough scheme, by the Authority.
(4) In the case of a borough scheme, an application for approval under sub-paragraph (3)(a) above may only be made—
(a) by the Authority acting on behalf of the licensing authority; and
(b) after the giving by the Authority of the approval required by sub-paragraph (3)(b) above.

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Source: https://www.legislation.gov.uk/ukpga/1999/29/schedule/24/paragraph/25 (the official version)
Page: https://openlegislation.uk/greater-london-authority-act-1999/schedule-24/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.