PART 4Miscellaneous and final provisions

I141Financial provision

1

There is to be paid out of money provided by Parliament—

a

any expenditure incurred by the Secretary of State by virtue of this Act;

b

any expenditure incurred by the Competition and Markets Authority by virtue of this Act;

c

any expenditure incurred by the Authority by virtue of this Act;

d

any increase attributable to this Act in the sums payable out of money so provided under any other Act.

2

The expenditure referred to in subsection (1)(a) includes expenditure incurred by the Secretary of State for the purposes of or in connection with—

a

the establishment of a revenue collection counterparty;

b

making payments or providing financial assistance to a revenue collection counterparty;

c

making payments to a nuclear administrator or a relevant licensee nuclear company under or by virtue of Part 3.

3

Financial assistance or payments includes financial assistance or payments given subject to such conditions as may be determined by, or in accordance with arrangements made by, the Secretary of State; and such conditions may in particular in the case of a grant include conditions for repayment in specified circumstances.

4

In this section—

  • “financial assistance” means grants, loans, guarantees or indemnities, or any other kind of financial assistance;

  • “nuclear administrator” has the same meaning as in Part 3;

  • “relevant licensee nuclear company” has the same meaning as in Part 1;

  • “revenue collection counterparty” has the same meaning as in Part 2.