Water Resources Act 1991

117 General financial duties

(1) Subject to section 118 below, the 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 Ministers shall give the Authority notice of every determination under this section, and such a determination may—

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

(b) contain supplemental provisions; and

(c) be varied by a subsequent determination.

(3) Subject to sections 118(1) and 119(2) below, 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.

(4) Any sum received by the Secretary of State under subsection (3) above shall be paid into the Consolidated Fund.