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Change 1
As published
44 General financial duties.
(1) The appropriate Ministers may—
(a) after consultation with a new Agency, and
(b) in the case of the Agency only with the approval of the Treasury,
determine the financial duties of that new Agency; and different determinations may be made for different functions and activities of the new Agency.
(2) The appropriate Ministers shall give a new Agency notice of every determination of its financial duties under this section, and such a determination may—
(a) relate to a period beginning before, on, or after, the date on which it is made;
(b) contain supplemental provisions; and
(c) be varied by a subsequent determination.
(3) The appropriate Minister may, after consultation with . . . a new Agency, and, in the case of the Agency only, after consultation with Treasury, give a direction to that new Agency requiring it to pay to him an amount equal to the whole or such part as may be specified in the direction of any sum, or any sum of a description, so specified which is or has been received by that new Agency.
(4) Where it appears to the appropriate Minister that a new Agency has a surplus, whether on capital or revenue account, he may, after consultation with the Treasury (in the case of the Agency only) and the new Agency, direct the new Agency to pay to him such amount not exceeding the amount of that surplus as may be specified in the direction.
(5) In the case of the Agency—
(a) subsection (1) above is subject to section 118 of the 1991 Act (special duties with respect to flood defence revenue);
(b) subsection (3) above is subject to sections 118(1)(a) and 119(1) of the 1991 Act (special duties with respect to flood defence revenue and funds raised for fishery purposes under local enactments); and
(c) subsection (4) above is subject to sections 118(1)(b) and 119(2) of the 1991 Act (which provide for flood defence revenue and certain funds raised under local enactments to be disregarded in determining whether there is a surplus).
Your change, as a redline
44 General financial duties.
(1) The appropriate Ministers may—
(a) after consultation with a new Agency, and
(b) in the case of the Agency only with the approval of the Treasury,
determine the financial duties of that new Agency; and different determinations may be made for different functions and activities of the new Agency.
(2) The appropriate Ministers shall give a new Agency notice of every determination of its financial duties under this section, and such a determination may—
(a) relate to a period beginning before, on, or after, the date on which it is made;
(b) contain supplemental provisions; and
(c) be varied by a subsequent determination.
(3) The appropriate Minister may, after consultation with . . . a new Agency, and, in the case of the Agency only, after consultation with Treasury, give a direction to that new Agency requiring it to pay to him an amount equal to the whole or such part as may be specified in the direction of any sum, or any sum of a description, so specified which is or has been received by that new Agency.
(4) Where it appears to the appropriate Minister that a new Agency has a surplus, whether on capital or revenue account, he may, after consultation with the Treasury (in the case of the Agency only) and the new Agency, direct the new Agency to pay to him such amount not exceeding the amount of that surplus as may be specified in the direction.
(5) In the case of the Agency—
(a) subsection (1) above is subject to section 118 of the 1991 Act (special duties with respect to flood defence revenue);
(b) subsection (3) above is subject to sections 118(1)(a) and 119(1) of the 1991 Act (special duties with respect to flood defence revenue and funds raised for fishery purposes under local enactments); and
(c) subsection (4) above is subject to sections 118(1)(b) and 119(2) of the 1991 Act (which provide for flood defence revenue and certain funds raised under local enactments to be disregarded in determining whether there is a surplus).
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