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There are currently no known outstanding effects for the Office of Communications Act 2002, Paragraph 8.
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8[F1(1) It shall be the duty of OFCOM so to conduct their affairs as to secure that their revenues so far as they —
(a)derive from the exercise of powers to impose charges or fees in respect of the carrying out of particular functions, and
(b)do not fall to be paid into the Consolidated Fund of the United Kingdom or of Northern Ireland,
are at least sufficient to enable OFCOM to meet the costs of carrying out the functions to which the revenues relate. ]
(2)Any excess of OFCOM’s revenues for any financial year over the sums required by them for that year for meeting their obligations and carrying out their functions shall be applied by OFCOM in such manner as the Secretary of State, after consultation with OFCOM, may direct.
(3)A direction under sub-paragraph (2) may require the whole or any part of any such excess to be paid to the Secretary of State.
(4)The Secretary of State shall pay any sums received by him under sub-paragraph (3) into the Consolidated Fund.
F2(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. para. 8(1) substituted (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 17 para. 172(3) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)
F2Sch. para. 8(5) repealed (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 17 para. 172(2)(b), Sch. 19(1) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)
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