# Transport Act 2000, Paragraph 29


(1) Paragraph 21 (accounts and funds) is amended as follows.
(2) In sub-paragraphs (1) and (2), for “of their income and expenditure in respect of” substitute “ relating to ”.
(3) In sub-paragraph (3)—
(a) for the words from the beginning to “year, each” substitute “ Each ”, and
(b) for “that year” substitute “ each financial year ”.
(4) After sub-paragraph (4) insert—
“(4A) Regulations may make further provision relating to—
(a) accounts required to be kept under sub-paragraph (1) or (2) above (including provision requiring or allowing the keeping of consolidated accounts relating to more than one licensing scheme); and
(b) the preparation and publication of statements of such accounts.”
(5) In sub-paragraph (5)(b), after “account” insert “ (after the application of any of the net proceeds in accordance with the following provisions) ”.

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Source: https://www.legislation.gov.uk/ukpga/2000/38/schedule/13/paragraph/29 (the official version)
Page: https://openlegislation.uk/transport-act-2000/schedule-13/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.