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Railways Act 2005
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Changes over time for: Part 3
Version Superseded: 25/02/2010
Alternative versions:
- 24/07/2005- Amendment
- 01/08/2006
Point in time - 25/02/2010- Amendment
Status:
Point in time view as at 01/08/2006.
Changes to legislation:
There are currently no known outstanding effects for the Railways Act 2005,
Part 3
.
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Part 3 E+W+SFinance
Government grantsE+W+S
6(1)The Secretary of State may make grants to the RPC of such amounts as he may determine.E+W+S
(2)The terms of the grants shall be such as the Secretary of State may determine.
Commencement Information
I1Sch. 5 para. 6 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.
Direction requiring payment to the Secretary of StateE+W+S
7(1)The Secretary of State may give a direction to the RPC requiring it to pay him a sum specified in the direction.E+W+S
(2)Before giving a direction under sub-paragraph (1), the Secretary of State must consult—
(a)the Treasury; and
(b)the RPC.
Commencement Information
I2Sch. 5 para. 7 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.
Accounts and auditE+W+S
8(1)The RPC must—E+W+S
(a)keep proper accounts and proper accounting records; and
(b)in respect of each financial year, prepare a statement of its accounts.
(2)Every statement of accounts prepared under sub-paragraph (1)(b) must—
(a)give a true and fair view of the RPC's income and expenditure for the financial year in question and its state of affairs; and
(b)comply with every requirement which the Secretary of State has notified to the RPC.
(3)The requirements notified under sub-paragraph (2)(b) may include, in particular, requirements relating to—
(a)the information to be contained in the statement;
(b)the manner in which that information is to be presented; and
(c)the methods and principles according to which the statement is to be prepared.
Commencement Information
I3Sch. 5 para. 8 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.
9(1)The statement of accounts and other accounts of the RPC relating to each financial year must be audited by the Comptroller and Auditor General.E+W+S
(2)The Comptroller and Auditor General must send the RPC a copy of his report on the accounts audited under sub-paragraph (1).
(3)The RPC must send the Secretary of State—
(a)a copy of the accounts audited under sub-paragraph (1); and
(b)the report of the Comptroller and Auditor General.
(4)The Secretary of State must lay a copy of the documents sent to him under sub-paragraph (3) before Parliament.
Commencement Information
I4Sch. 5 para. 9 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.
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