OpenLegislation

Section 94 Financing of new police and crime commissioners .F10 C1 C2

England and Wales

(1)

The Secretary of State may make grants to any F1police and crime commissioner in respect of expenditure incurred (or to be incurred) by F2the commissioner at any time before the beginning of its first precepting year.

(2)

Without prejudice to any other powers to borrow, a F3police and crime commissioner may borrow by way of temporary loan or overdraft from a bank or otherwise any sums which F4the commissioner may require for the purpose of meeting F5the commissioner's expenditure before the beginning of the commissioner's first precepting year.

(3)

The sums borrowed by F6a commissioner under this section shall not exceed such amount as the Secretary of State may determine, and shall be repaid before the end of F7the commissioner's first precepting year.

(4)

For the purposes of this section the “first precepting year” of F8a police and crime commissioner is the financial year in which revenue is first received by F9the commissioner as a result of a precept issued by the commissioner under Part I of the M1Local Government Finance Act 1992.

Annotations

Textual amendments

F1: Words in s. 94(1) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(8)(a), 157(1); S.I. 2012/2892, art. 2(a)
F2: Words in s. 94(1) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(8)(b), 157(1); S.I. 2012/2892, art. 2(a)
F3: Words in s. 94(2) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(9)(a), 157(1); S.I. 2012/2892, art. 2(a)
F4: Words in s. 94(2) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(9)(b), 157(1); S.I. 2012/2892, art. 2(a)
F5: Words in s. 94(2) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(9)(c), 157(1); S.I. 2012/2892, art. 2(a)
F6: Words in s. 94(3) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(10)(a), 157(1); S.I. 2012/2892, art. 2(a)
F7: Words in s. 94(3) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(10)(b), 157(1); S.I. 2012/2892, art. 2(a)
F8: Words in s. 94(4) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(11)(a), 157(1); S.I. 2012/2892, art. 2(a)
F9: Words in s. 94(4) substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(11)(b), 157(1); S.I. 2012/2892, art. 2(a)
F10: Words in s. 94 title substituted (22.11.2012) by Police Reform and Social Responsibility Act 2011 (c. 13), ss. 25(7), 157(1); S.I. 2012/2892, art. 2(a)

Marginal citations

M1: 1992 c. 14.

Modifications

C1: S. 94 excluded (8.5.2017) by The Greater Manchester Combined Authority (Transfer of Police and Crime Commissioner Functions to the Mayor) Order 2017 (S.I. 2017/470), art. 1(2), Sch. 2 para. 17
C2: S. 94 excluded (29.6.2026) by 2011 c. 13, Sch. 10A para. 57 (as inserted by English Devolution and Community Empowerment Act 2026 (c. 23), s. 108(5), Sch. 24 (with s. 102))