96Application of money from parking

96 Application of money from parking

96 Application of money from parking

(1) The costs of administering a pay parking scheme are to be borne by the parking authority.

(2) The costs are taken to include the following—

(a) the cost of providing, controlling, maintaining and regulating pay parking,

(b) the cost of providing, controlling, maintaining and regulating pay parking devices installed in relation to a pay parking space or pay parking area,

(c) the cost of providing and maintaining signs or other devices and marking lines—

(i) to indicate the position of a pay parking space or pay parking area, or

(ii) to indicate the places in a road where a vehicle, other than a public vehicle, may park.

(3) A parking authority must pay to Transport for NSW the amount agreed between Transport for NSW and the parking authority for the costs referred to in subsection (2)(c).

(4) Subject to section 92, fees a parking authority collects in relation the operation of pay parking belong to the parking authority.

(5) Any surplus arising from the operation of pay parking may be applied at the discretion of the parking authority.