Water Act 1989

General financial duties

15 (1) Subject to paragraph 16 below, the relevant Ministers may, after consultation with the Authority and with the Treasury’s approval, determine the financial duties of the Authority, and different determinations may be made for different functions and activities of the Authority.

(2) The relevant Ministers shall give the Authority notice of every determination under this paragraph, and such a determination may—

(a) relate to a period beginning before the date on which it is made;

(b) contain supplemental provisions;

(c) be varied by a subsequent determination.

(3) Where it appears to the Secretary of State that the Authority has a surplus, whether on capital or revenue account, the Secretary of State may, after consultation with the Treasury and the Authority, direct the Authority to pay to him such amount not exceeding the amount of that surplus as may be specified in the direction; and it shall be the duty of the Authority to comply with any such direction.

(4) Any revenue to which sub-paragraph (1) of paragraph 16 below applies (including so much of any such revenue as falls within sub-paragraph (2) of that paragraph) and any funds to which section 88(1) of the [1963 c. 38.] Water Resources Act 1963 (funds held for fisheries purposes under local statutory provisions) applies shall be disregarded in determining the amount of any surplus for the purposes of sub-paragraph (3) above.

(5) Any sum received by the Secretary of State under sub-paragraph (3) above shall be paid into the Consolidated Fund.