Coal Industry Act 1990

Title and introductory text

Coal Industry Act 1990 1990 c. 3 An Act to make new provision with respect to grants by the Secretary of State to the British Coal Corporation and further provision with respect to grants and loans under existing powers; and to make provision as to the licensing of coal working, searching and boring and the preservation of amenity in connection with opencast coal working. [19th March 1990] Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

1 Deficiency grants to British Coal Corporation.

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2 Grants for workforce redeployment and reduction.

(1) Section 3 of the Coal Industry Act 1987 (which enables grants to be made to the British Coal Corporation towards expenditure on workforce redeployment and reduction etc. in respect of costs falling to be charged to certain accounts in respect of relevant financial years) shall have effect subject to the following amendments. (2) In subsection (4)(a) (which defines “relevant financial year" as any financial year ending not later than March 1992) for “1992" there shall be substituted “ 1993" ”. (3) In subsection (6) (which imposes a limit of £300 million on the aggregate amount of the grants, subject to increase by order up to £750 million) for “£300" and “£750" there shall be substituted respectively “ £1,250" ” and “ £1,500" ”.

3 Repayment of loans to British Coal Corporation.

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6 Citation, commencement and extent.

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