Year ending 31 March 2023

I12Limits on use of resources

1

Schedule 1 contains estimates relating to the persons mentioned in section 1(3) for the year ending 31 March 2023 (“Schedule 1 estimates”).

2

In the year ending 31 March 2023, a person mentioned in section 1(3) may use resources in accordance with subsections (3) to (7) and the Schedule 1 estimate relating to that person.

3

The person may use resources for the purposes specified in Part 2 of the estimate; but this is subject to subsections (4) to (7).

4

Where Part 1 of the estimate authorises the use of net resources for current purposes, the person—

a

may use resources up to the amount so authorised for current purposes;

b

must not use those resources for capital purposes.

5

Where Part 1 of the estimate authorises the use of net resources for capital purposes, the person—

a

may use resources up to the amount so authorised for capital purposes;

b

must not use those resources for current purposes.

6

Where Part 1 of the estimate authorises the use of net resources in relation to a category of expenditure, the person—

a

may use resources up to the amount so authorised for a purpose identified in the estimate as falling within that category of expenditure;

b

must not use those resources for any other purpose.

7

The categories of expenditure are—

a

expenditure subject to a departmental expenditure limit;

b

annually managed expenditure;

c

non-budget expenditure.

8

The authorisations in this section and in section 1 supersede those made—

b

under section 7 of the 2001 Act for the year ending 31 March 2023,

which total £23,357,015,000.