The United Kingdom Ecolabelling Board Regulations 1992

General financial duties

12.—(1) The Secretary of State may, with the consent of the Treasury, determine the financial duties of the Board, and different determinations may be made for different functions and activities of the Board.

(2) Where it appears to the Secretary of State that the Board has a surplus, whether on capital or revenue account, the Secretary of State may, after consultation with the Treasury and the Board, direct the Board to pay to him such amount not exceeding the amount of that surplus as may be specified in the direction, and it shall be the duty of the Board to comply with that direction.

(3) Any sum received by the Secretary of State under sub-paragraph (2) shall be paid into the Consolidated Fund.