Enterprise Act 2002
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
272 Insolvency Services Accounts
(1) Section 405 of the Insolvency Act 1986 (operation of Investment Account) shall cease to have effect. (2) The following shall be substituted for section 408 of that Act (recourse to Consolidated Fund)— Adjustment of balances 408 (1) The Treasury may direct the payment out of the Consolidated Fund of sums into— (a) the Insolvency Services Account; (b) the Investment Account. (2) The Treasury shall certify to the House of Commons the reason for any payment under subsection (1). (3) The Secretary of State may pay sums out of the Insolvency Services Account into the Consolidated Fund. (4) The National Debt Commissioners may pay sums out of the Investment Account into the Consolidated Fund.
272 Insolvency Services Accounts
(1) Section 405 of the Insolvency Act 1986 (operation of Investment Account) shall cease to have effect. (2) The following shall be substituted for section 408 of that Act (recourse to Consolidated Fund)— Adjustment of balances 408 (1) The Treasury may direct the payment out of the Consolidated Fund of sums into— (a) the Insolvency Services Account; (b) the Investment Account. (2) The Treasury shall certify to the House of Commons the reason for any payment under subsection (1). (3) The Secretary of State may pay sums out of the Insolvency Services Account into the Consolidated Fund. (4) The National Debt Commissioners may pay sums out of the Investment Account into the Consolidated Fund.
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