282 Financial provisions relating to parking places on the highway

282  Financial provisions relating to parking places on the highway

(1)     Section 55 of the Road Traffic Regulation Act 1984 (financial provisions relating to designation orders) shall be amended as follows.

(2)     In subsection (1)(a) (accounts in respect of parking places on the highway in the case of London borough councils and the Common Council) after “in the case of” there shall be inserted “Transport for London,”.

(3)     In subsection (3A) (London borough councils and Common Council to report to Secretary of State on action taken with respect to deficit or surplus on their parking account)—

(a)     at the beginning there shall be inserted “Transport for London,”; and

(b)     for

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