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Version Superseded: 24/07/1996
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(1)The Secretary of State shall, for the year 1993 and each subsequent year, pay to the Welsh Authority an amount representing 32 per cent. of the total television revenues for the preceding year.
(2)The Commission shall, before the beginning of each of those years (“the relevant year”)—
(a)estimate the amount of the total television revenues for the preceding year; and
(b)notify the Secretary of State of that estimated amount;
and the Secretary of State shall at the beginning of the relevant year pay to the Welsh Authority, by way of an interim payment for that year, an amount representing 32 per cent. of that estimated amount.
(3)Once the Commission have finally determined the amount of the total television revenues for a particular year, they shall notify the Secretary of State of the amount so determined by them; and on receiving any such notification the Secretary of State shall, in respect of the year following that year—
(a)pay to the Welsh Authority any amount payable by him by virtue of subsection (1), after taking into account the interim payment made for that year under subsection (2), or
(b)notify the Welsh Authority of the amount of any overpayment made by him by means of any such interim payment.
(4)The Welsh Authority shall, as soon as reasonably practicable after receiving any notification under subsection (3)(b), pay to the Secretary of State the amount specified in the notification.
(5)In this section “total television revenues”—
(a)in relation to the year 1992, means the aggregate of the qualifying revenues for that year of—
(i)the TV programme contractors (as defined by section 10(2) of the 1981 Act), and
(ii)the body corporate referred to in section 12(2) of that Act; and
(b)in relation to any subsequent year, has the meaning given by section 26(2);
and section 19(2) to (6) shall have effect, with any necessary modifications, for the purpose of enabling the Commission to estimate or determine a person’s qualifying revenue for any year for the purposes of this subsection.
(6)Any sums required by the Secretary of State under this section shall be paid out of money provided by Parliament.
(7)The Secretary of State may, after consulting the Commission and the Welsh Authority, by order amend each of subsections (1) and (2) by substituting a different percentage for the percentage for the time being specified there; but no such order may be made before the end of the year 1997 unless the Secretary of State is satisfied that it is necessary to make the order having regard to the cost to the Authority of transmitting S4C.
(8)An order shall not be made under subsection (7) unless a draft of it has been laid before and approved by a resolution of each House of Parliament.
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