Coal Industry Act 1990
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Change 1
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" ”.
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" ”.
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