Paragraph 4
(1)
For the purposes of paragraph 3 the “phase one expenditure limit” means—
(a)
the limit, set by the House Commissions on or before the first day on which any provision of this Schedule comes into force, for phase one expenditure, or
(b)
if the House Commissions revise (or further revise) the limit for phase one expenditure, the revised limit.
(2)
Before revising (or further revising) the limit for phase one expenditure, the House Commissions must consult the Sponsor Body and the Delivery Authority.