(1)At such times as the Secretary of State with the approval of the Treasury determines to be appropriate, payments shall be made into the Consolidated Fund out of so much of any money in the Distribution Fund as is held under section 22(2).
(2)The payments shall be of such amounts as the Secretary of State with the approval of the Treasury determines to be appropriate for—
F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F2(aa)meeting payments made or to be made under paragraph 10 of Schedule 2A,]
(b)defraying expenses incurred or to be incurred by the Secretary of State in exercising his functions under this Act, and
(c)defraying expenses incurred or to be incurred by the National Debt Commissioners in making investments under section 32.
F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F4(4)In determining what amounts are appropriate for meeting the payments referred to in subsection (2)(aa), the Secretary of State shall take into account sums paid or to be paid into the Consolidated Fund under section 7(6).]
Textual Amendments
F1S. 31(2)(a) repealed (1.4.1999) by 1998 c. 22, ss. 1(5), 26, Sch. 1 Pt. III para. 15(2)(a), Sch. 5 Pt. I; S.I. 1999/650, art. 2.
F2S. 31(2)(aa) inserted (1.4.1999) by 1998 c. 22, s. 1(5), Sch. 1 Pt. III para. 15(2)(b); S.I. 1999/650, art. 2.
F3S. 31(3) repealed (1.4.1999) by 1998 c. 22, ss. 1(5), 26, Sch. 1 Pt. III para. 15(3), Sch. 5 Pt. I; S.I. 1999/650, art. 2.
F4S. 31(4) added (1.4.1999) by 1998 c. 22, s. 1(5), Sch. 1 Pt. III para. 15(4); S.I. 1999/650, art. 2.
Modifications etc. (not altering text)
C1S. 31 extended (2.7.1998) by 1998 c. 22, s. 8(7).
S. 31 extended (2.7.1998) by 1998 c. 22, s. 16(2), Sch. 4 para. 11.