Chwilio Deddfwriaeth

Chwiliad Uwch

Electricity Act 1989

Status:

Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

72Government investment in securities of the companies

(1)The Treasury or, with the consent of the Treasury, the Secretary of State may at any time acquire—

(a)securities of a successor company; or

(b)rights to subscribe for any such securities.

(2)The Secretary of State shall not dispose of any securities or rights acquired under this section without the consent of the Treasury.

(3)Any expenses incurred by the Treasury or the Secretary of State in consequence of the provisions of this section shall be paid out of money provided by Parliament.

(4)Any dividends or other sums received by the Treasury or the Secretary of State in right of, or on the disposal of, any securities or rights acquired under this section shall be paid into the Consolidated Fund.

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Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

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