Sovereign Grant Act 2011
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Change 1
7 Review by Royal Trustees of Sovereign Grant
(1) As soon as practicable after the end of a review period, the Royal Trustees must review whether the percentage for the time being specified in Step 1 of section 6(1) is appropriate. (2) They must prepare a report that— (a) states whether they consider that the percentage is or is not appropriate, (b) if they consider that it is not appropriate, states the percentage that they consider should apply, and (c) gives an explanation of their conclusions. (3) The Royal Trustees must give a copy of the report to the Treasury. (4) The Treasury must lay a copy of the report before Parliament. (5) The review periods are— (a) the period of 4 years beginning with 1 April 2012, and (b) every period of 5 years beginning at the end of another review period.
7 Review by Royal Trustees of Sovereign Grant
(1) As soon as practicable after the end of a review period, the Royal Trustees must review whether the percentage for the time being specified in Step 1 of section 6(1) is appropriate. (2) They must prepare a report that— (a) states whether they consider that the percentage is or is not appropriate, (b) if they consider that it is not appropriate, states the percentage that they consider should apply, and (c) gives an explanation of their conclusions. (3) The Royal Trustees must give a copy of the report to the Treasury. (4) The Treasury must lay a copy of the report before Parliament. (5) The review periods are— (a) the period of 4 years beginning with 1 April 2012, and (b) every period of 5 years beginning at the end of another review period.
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