(1)This section applies where a report under section 7 states that the Royal Trustees consider that the percentage for the time being specified in Step 1 of section 6(1) is not appropriate.
(2)The Treasury must by order made by statutory instrument substitute, for that percentage, the percentage specified by the Royal Trustees in the report as the one that should apply.
(3)A statutory instrument containing an order that increases the percentage specified in Step 1 of section 6(1) may be made only if a draft of the instrument has been laid before and approved by a resolution of the House of Commons.
(4)Any other statutory instrument under this section is subject to annulment in pursuance of a resolution of the House of Commons.
Modifications etc. (not altering text)
C1For duration of Sovereign Grant provisions (ss. 1-9, 11, 12) see s. 16(1)-(3)
C2S. 8: the Sovereign Grant provisions are continued (11.9.2022) and will now expire 6 months after the end of the present reign by The Sovereign Grant Act 2011 (Duration of Sovereign Grant Provisions) Order 2022 (S.I. 2022/954), arts. 1(2), 2