Section 28 Financial and oversight arrangements of the Electoral Commission

(1)     Schedule 1 to the Political Parties, Elections and Referendums Act 2000 (c 41) is amended as follows.

(2)     After paragraph 16 insert—

“Financing of Commission: devolved Welsh elections and referendums

16A

(1)     The expenditure of the Commission that is attributable to the exercise of the Commission's functions in relation to devolved Welsh elections and devolved Welsh referendums is (so far as it cannot be met out of income received by the Commission) to be payable out of the Welsh Consolidated Fund.

(2)     For each financial year, the Commission must prepare an estimate of the Commission's income and expenditure that is attributable to the exercise of the Commission's functions in relation to devolved Welsh elections and devolved Welsh referendums.

(3)     At least six months before the start of the financial year to which an estimate relates, the Commission must submit the estimate to the Llywydd's Committee.

(4)     During the financial year to which an estimate relates, the Commission may prepare a revised estimate and submit it to the Llywydd's Committee; and references in the rest of this paragraph to an estimate include a revised estimate.

(5)