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Changes over time for: Section 124


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 03/07/2013.
Changes to legislation:
Transport Act 1985, Section 124 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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124 Reimbursement of Board’s expenses in securing bus substitution services.E+W+S
(1)The Secretary of State may in respect of any period make grants to the Railways Board of such amounts as appear to him to be requisite for reimbursing the Board in respect of the net costs during that period of securing the provision of bus substitution services.
(2)The amount of those costs during any period shall be taken to be an amount equal to the difference between—
(a)the reduction in financial burden of the Board; and
(b)the reduction in revenue of the Board;
if the Board were not to secure the provision of those services during that period.
(3)Grants under this section require the approval of the Treasury and may be made subject to such conditions as the Secretary of State may, with the approval of the Treasury, think fit.
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