http://www.legislation.gov.uk/ukpga/1977/20Transport (Financial Provisions) Act 1977 (repealed 1.4.1994)An Act to provide for grants to the British Railways Board and the National Freight Corporation; to increase the borrowing powers of the British Waterways Board; and for connected purposes.1981-03-01texttext/xmlenStatute Law Database2011-05-271994-04-01 Transport (Financial Provisions) Act 1977 <CommentaryRef Ref="c725791"/>(repealed 1.4.1994)1977 c.20An Act to provide for grants to the British Railways Board and the National Freight Corporation; to increase the borrowing powers of the British Waterways Board; and for connected purposes.[30th June 1977] Grants to British Railways Board towards certain revenue deficits. <CommentaryRef Ref="c725794"/>11With the approval of the Treasury, the Secretary of State may, in accordance with this section, make grants to the British Railways Board out of moneys provided by Parliament in respect of any relevant deficit of the Board’s railway undertaking on condition that a statement of any relevant deficit shall be made annually to Parliament.2In this section “relevant deficit”, in relation to the Board’s railway undertaking, means any deficit remaining on revenue account after disregarding so much of the revenue and expenditure properly attributable to that account as is referable to the carrying out of any public service obligation imposed on the Board under section 3(1) of the Railways Act 1974 (obligations in connection with certain Community instruments).3The total amount of grants which may be made under this section shall not exceed £30 million but, subject to that limit, grants under this section may be of such amounts and may be made at such times and subject to such conditions as the Secretary of State thinks fit.4Any sums paid to the British Railways Board by way of grant under this section shall be treated by the Board as receipts properly attributable to revenue account. <CommentaryRef Ref="c725796"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 <CommentaryRef Ref="c725797"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Short title and extent.41This Act may be cited as the Transport (Financial Provisions) Act 1977.2This Act extends to Northern Ireland.Act repealed (1.4.1994) by 1993 c. 43, ss. 152(3), Sch. 14; S.I. 1994/571, art. 5.Act repealed (1.4.1994) by 1993 c. 43, s. 152(3), Sch. 14; S.I. 1994/571, art. 5.S. 1 modified by Channel Tunnel Act 1987 (c. 53, SIF 102), s. 42(2)1974 c. 48. S. 2 repealed by Transport Act 1980 (c. 34), Sch. 9 Pt. IIIS. 3 repealed by Water Act 1981 (c. 12, SIF 130), s. 1(3)
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<dc:title>Transport (Financial Provisions) Act 1977 (repealed 1.4.1994)</dc:title>
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Transport (Financial Provisions) Act 1977
<CommentaryRef Ref="c725791"/>
(repealed 1.4.1994)
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<Number>1977 c.20</Number>
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<Addition ChangeId="d30p35">An Act to provide for grants to the British Railways Board and the National Freight Corporation; to increase the borrowing powers of the British Waterways Board; and for connected purposes.</Addition>
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[30th June 1977]
<CommentaryRef Ref="c725793"/>
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<Title>
Grants to British Railways Board towards certain revenue deficits.
<CommentaryRef Ref="c725794"/>
</Title>
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<Text>With the approval of the Treasury, the Secretary of State may, in accordance with this section, make grants to the British Railways Board out of moneys provided by Parliament in respect of any relevant deficit of the Board’s railway undertaking on condition that a statement of any relevant deficit shall be made annually to Parliament.</Text>
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<Text>
In this section “
<Term id="term-relevant-deficit">relevant deficit</Term>
”, in relation to the Board’s railway undertaking, means any deficit remaining on revenue account after disregarding so much of the revenue and expenditure properly attributable to that account as is referable to the carrying out of any public service obligation imposed on the Board under section 3(1) of the
<CommentaryRef Ref="c725795"/>
Railways Act 1974 (obligations in connection with certain Community instruments).
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<Text>The total amount of grants which may be made under this section shall not exceed £30 million but, subject to that limit, grants under this section may be of such amounts and may be made at such times and subject to such conditions as the Secretary of State thinks fit.</Text>
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<Text>Any sums paid to the British Railways Board by way of grant under this section shall be treated by the Board as receipts properly attributable to revenue account.</Text>
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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<CommentaryRef Ref="c725797"/>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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<Title> Short title and extent.</Title>
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<Text>This Act may be cited as the Transport (Financial Provisions) Act 1977.</Text>
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<Commentary id="c725793" Type="F">
<Para>
<Text>
Act repealed (1.4.1994) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/43" id="c00001" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="43">1993 c. 43</Citation>
,
<CitationSubRef id="c00002" URI="http://www.legislation.gov.uk/id/ukpga/1993/43/section/152/3" CitationRef="c00001" SectionRef="section-152-3">ss. 152(3)</CitationSubRef>
,
<CitationSubRef id="c00003" URI="http://www.legislation.gov.uk/id/ukpga/1993/43/schedule/14" Operative="true" CitationRef="c00001" SectionRef="schedule-14">Sch. 14</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/1994/571" id="c00004" Class="UnitedKingdomStatutoryInstrument" Year="1994" Number="571">S.I. 1994/571</Citation>
,
<CitationSubRef id="c00005" URI="http://www.legislation.gov.uk/id/uksi/1994/571/article/5" Operative="true" CitationRef="c00004" SectionRef="article-5">art. 5</CitationSubRef>
.
</Text>
</Para>
</Commentary>
<Commentary id="c725791" Type="F">
<Para>
<Text>
Act repealed (1.4.1994) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/43" id="c00006" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="43">1993 c. 43</Citation>
,
<CitationSubRef id="c00007" URI="http://www.legislation.gov.uk/id/ukpga/1993/43/section/152/3" CitationRef="c00006" SectionRef="section-152-3">s. 152(3)</CitationSubRef>
,
<CitationSubRef id="c00008" URI="http://www.legislation.gov.uk/id/ukpga/1993/43/schedule/14" Operative="true" CitationRef="c00006" SectionRef="schedule-14">Sch. 14</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/1994/571" id="c00009" Class="UnitedKingdomStatutoryInstrument" Year="1994" Number="571">S.I. 1994/571</Citation>
,
<CitationSubRef id="c00010" URI="http://www.legislation.gov.uk/id/uksi/1994/571/article/5" Operative="true" CitationRef="c00009" SectionRef="article-5">art. 5</CitationSubRef>
.
</Text>
</Para>
</Commentary>
<Commentary id="c725794" Type="C">
<Para>
<Text>
<CitationSubRef id="c00011" URI="http://www.legislation.gov.uk/id/ukpga/1977/20/section/1" SectionRef="section-1">S. 1</CitationSubRef>
modified by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1987/53" id="c00012" Year="1987" Class="UnitedKingdomPublicGeneralAct" Number="53" Title="Channel Tunnel Act 1987">Channel Tunnel Act 1987 (c. 53, SIF 102)</Citation>
,
<CitationSubRef id="c00013" URI="http://www.legislation.gov.uk/id/ukpga/1987/53/section/42/2" Operative="true" CitationRef="c00012" SectionRef="section-42-2">s. 42(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c725795" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1974/48" id="c00014" Year="1974" Class="UnitedKingdomPublicGeneralAct" Number="48">1974 c. 48</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c725796" Type="F">
<Para>
<Text>
<CitationSubRef id="c00015" URI="http://www.legislation.gov.uk/id/ukpga/1977/20/section/2" SectionRef="section-2">S. 2</CitationSubRef>
repealed by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1980/34" id="c00016" Year="1980" Class="UnitedKingdomPublicGeneralAct" Number="34" Title="Transport Act 1980">Transport Act 1980 (c. 34)</Citation>
,
<CitationSubRef id="c00017" URI="http://www.legislation.gov.uk/id/ukpga/1980/34/schedule/9/part/III" Operative="true" CitationRef="c00016" SectionRef="schedule-9-part-III">Sch. 9 Pt. III</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c725797" Type="F">
<Para>
<Text>
<CitationSubRef id="c00018" URI="http://www.legislation.gov.uk/id/ukpga/1977/20/section/3" SectionRef="section-3">S. 3</CitationSubRef>
repealed by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1981/12" id="c00019" Year="1981" Class="UnitedKingdomPublicGeneralAct" Number="12" Title="Water Act 1981">Water Act 1981 (c. 12, SIF 130)</Citation>
,
<CitationSubRef id="c00020" URI="http://www.legislation.gov.uk/id/ukpga/1981/12/section/1/3" Operative="true" CitationRef="c00019" SectionRef="section-1-3">s. 1(3)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
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