Use of Proceeds

Section 81 of the 2019 Act makes provision for the use of proceeds from the WPL scheme.

The local authority may only apply the net proceeds of a WPL scheme for purposes of facilitating the achievement of policies in the authority’s local transport strategy.

If the local authority is acting jointly with another local authority (or authorities), the local authority may apply their share of the net proceeds the facilitate the achievement of policies in the local transport strategy of a local authority with whom the authority is acting jointly. However in order to do so, the local authority must be satisfied that doing so will benefit some part of its own area.

“Net proceeds” means the amount of money (if any) by which the gross amount received under the WPL scheme for a financial year exceeds the expenses of operating the scheme for the financial year.

< Previous | Contents | Next >

Back to top