# Transport (Scotland) Act 2001, Paragraph 1: Interpretation


In this schedule—
“financial year” means a period of 12 months ending with 31st March;
“net proceeds” means the amount (if any) by which the gross amount received under a charging scheme for a financial year exceeds the relevant expenses for the financial year; and
“relevant expenses” means such of the expenses of making or operating a charging scheme as may be determined in accordance with regulations made by the Scottish Ministers.

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Source: https://www.legislation.gov.uk/asp/2001/2/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/transport-scotland-act-2001/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.