Driving Standards Agency Trading Fund Order 1997
| Jurisdiction | UK Non-devolved |
1997 No. 873
GOVERNMENT TRADING FUNDS
The Driving Standards Agency Trading Fund Order 1997
Made 13th March 1997
Coming into force in accordance with article 1
Whereas:
it appears to the Secretary of State for Transport (“the Secretary of State”) that:—
(a) those operations of the Department of Transport which are referred to in article 3 of the following Order are suitable to be financed by means of a fund established under the Government Trading Funds Act 19731(“the 1973 Act”) and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question; and
(b) the financing of the operations in question by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations;
in accordance with sections 1(3) and 6(4) of the 1973 Act, the Secretary of State has taken such steps as appear to him to be appropriate to give an opportunity to such persons as appear to him to be appropriate to make representations to him and has laid before Parliament a report about the representations received and his conclusions;
in accordance with section 2 of the 1973 Act, the Secretary of State has determined with Treasury concurrence that the assets and liabilities set out in Schedule 2 to the following Order are properly attributable to the operations for which a fund is to be established and are suitable to be appropriated to that fund;
in accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House;
Now, therefore, the Secretary of State, in exercise of the powers conferred by sections 1, 2(1) and (7), 2A(1) and 2C(1) of the 1973 Act, and of all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following Order:—
Citation and commencement
1. This Order may be cited as the Driving Standards Agency Trading Fund Order 1997 and shall come into force at 8.00 am on 1st April 1997.
Interpretation
2. In this Order—
“the 1973 Act” means the Government Trading Funds Act 1973;
“the Driving Standards Agency” means the executive agency of the Department of Transport known as the Driving Standards Agency; and
“the fund” means the trading fund established by this Order.
Establishment of the fund
3. As from the time this Order comes into force, for all the operations of the Driving Standards Agency, more particularly described in...
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