C2C1 PART II REORGANISATION OF THE INDUSTRY
Pt. II (ss. 65-95) extended (15.12.2001) by S.I. 2001/4011, art. 12(1)(a)
Provisions with respect to existing bodies
88 Grants towards expenditure during transitional period.
1
The Secretary of State may, with the approval of the Treasury, make grants to any existing body of such amounts as he thinks fit towards such expenditure incurred by that body during its transitional period as is not met—
a
under Schedule 17 to this Act by its appropriate successor company; or
b
in the case of the Electricity Council, by contributions required to be made under section 87 above.
2
Grants under this section may be made subject to such conditions as the Secretary of State with the approval of the Treasury may determine.
3
Any sums required by the Secretary of State for making grants under this section shall be paid out of money provided by Parliament.
4
In this Part “the appropriate successor company” means—
a
in relation to an Area Board, its successor company;
b
in relation to any other Electricity Board or the Electricity Council, such of its successor companies as may be designated by or under its transfer scheme;
and a transfer scheme may provide for different designations for different provisions or for different purposes.
Pt. II: power to repeal conferred (E.W.S.) (8.5.2003) by Electricity (Miscellaneous Provisions) Act 2003 (c. 9), s. 2(2)