C1C2C3C4Part I Competition
Pt. I (ss. 1-16): power to modify conferred (prosp.) by Local Government Act 1992 (c. 19), ss. 8(5), 30(3)
Pt. I (ss. 1-16): applied (with modifications) (temp. from 31.3.1995 to 31.12.2000) by S.I. 1995/678, art. 3, Sch. 1
Pt. I (ss. 1-16): power to apply conferred (1.9.1997) by 1997 c. 50, s. 44(1), Sch. 4 para. (h)(i); S.I. 1997/1930, art. 3
Accounts, reports and information
C510 Financial objectives to be met.
1
This section applies where a defined authority carry out, in the financial year beginning in 1989 or in a subsequent financial year, work which falls within a defined activity and fulfils the condition that—
a
it is carried out under a works contract to which section 4 above applies, or
b
section 6 above applies to it.
2
The authority shall secure that such financial objective as the Secretary of State may specify for the year concerned is met by—
a
the revenue for all work which falls within that activity, is carried out by them in that year and fulfils that condition, or
b
that revenue, adjusted by making such additions or subtractions (or both) as may be required by the specification.
3
The reference in subsection (2) above to the revenue for the work concerned is to the aggregate of the items credited to the account kept under section 9 above as regards the work.
4
A specification under this section may define the financial objective concerned by reference to such factors as the Secretary of State thinks fit.
Pt. I (ss. 1–16): power to modify conferred by Environmental Protection Act 1990 (c. 43, SIF 46:4), s. 97(1)(b)