Year ending 31 March 2023

I16Use of income

1

In the year ending 31 March 2023, a person mentioned in section 1(3) may use income from a source specified in Part 3 of the Schedule 1 estimate relating to that person for a purpose specified in Part 2 of the estimate; but this is subject to subsections (2) to (5).

2

Where the income is received in connection with current purposes, the person—

a

may use the income for current purposes;

b

must not use the income for capital purposes.

3

Where the income is received in connection with capital purposes, the person—

a

may use the income for capital purposes;

b

must not use the income for current purposes.

4

Where the source of income is identified in the estimate as relating to a category of expenditure, the person—

a

may use income from that source for a purpose identified in the estimate as falling within that category;

b

must not use income from that source for any other purpose.

5

The categories of expenditure are the categories set out in section 2(7).

6

Where, in the year ending 31 March 2023, money is received by a person mentioned in section 1(3)—

a

the money may be used in accordance with this section or with any other statutory provision that provides for the person to deal with income in a particular manner, and

b

in so far as not so used, it must be paid into the Consolidated Fund.