- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
1. This Order may be cited as the Driver and Vehicle Agency Trading Fund Order (Northern Ireland) 2016 and comes into operation on 1st April 2016.
2. In this Order—
“additional assets and liabilities” means the Crown assets and liabilities which are described in Schedule 2 to this Order and are properly attributable to the additional funded operations;
“additional funded operations” means those funded operations of the Driver and Vehicle Agency which are described in Schedule 1 to this Order which do not fall within the scope of the funded operations described in Schedule 1 to the principal order;
“Driver and Vehicle Agency” means the part of the Department of the Environment known as the Driver and Vehicle Agency;
“the fund” means the trading fund established by the principal order; and
“the principal order” means the Driver and Vehicle Testing Agency Trading Fund Order (Northern Ireland) 1996.
3. The principal order shall be varied in accordance with Articles 4 to 7.
4. In Schedule 1 to the principal order for paragraphs 1 to 5 substitute paragraphs 1 to 6 of Schedule 1 to this Order.
5. The additional assets and liabilities shall be appropriated as assets and liabilities of the fund.
6. 50% of the amount by which the value of the additional assets exceeds the amount of the additional liabilities less the amount of revaluation reserve associated with those additional assets, shall be treated as additional public dividend capital of the fund.
7. The fund shall be known as the Driver and Vehicle Agency Trading Fund.
Sealed with the Official Seal of the Department of the Environment on 15th March 2016
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
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