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Transport Act 2000
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Changes over time for: Section 278
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- 30/11/2000- Amendment
- 01/12/2006- Amendment
- 16/10/2015
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Transport Act 2000, Section 278 is up to date with all changes known to be in force on or before 27 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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278 Financial provision.U.K.
This section has no associated Explanatory Notes
(1)There shall be paid out of money provided by Parliament—
(a)any expenditure incurred by any Minister of the Crown or government department under or by virtue of this Act (apart from any expenditure to be met from the National Loans Fund), and
(b)any increase attributable to this Act in the sums payable out of money so provided under any other enactment.
(2)There shall be issued to the Secretary of State by the Treasury out of the National Loans Fund any sums required by him for—
(a)making loans under section 52 to a transferee, F1...
F1(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)There shall be paid into the National Loans Fund any repayment of, or payment of interest on, loans—
(a)made under section 52 by the Secretary of State to a transferee, F2...
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)The assets of the National Loans Fund shall be reduced by an amount corresponding to such liability as the Secretary of State extinguishes by order under section 57.
(5)There shall be paid into the Consolidated Fund any sums received by any Minister of the Crown or government department under or by virtue of this Act (apart from any sums required to be paid into the National Loans Fund).
Textual Amendments
F1S. 278(2)(b) and preceding word repealed (E.W.S.) (1.12.2006) by Railways Act 2005 (c. 14), s. 60(2), Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2006/2911, art. 2, Sch.
F2S. 278(3)(b) and preceding word repealed (E.W.S.) (1.12.2006) by Railways Act 2005 (c. 14), s. 60(2), Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2006/2911, art. 2, Sch.
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