The OGCbuying.solutions Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2004
| Jurisdiction | UK Non-devolved |
| Citation | SI 2004/3277 |
| Year | 2004 |
2004 No. 3277
GOVERNMENT TRADING FUNDS
The OGCbuying.solutions Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2004
Made 9th December 2004
Laid before Parliament 10th December 2004
Coming into force 31th December 2004
Whereas:
(1) the OGCbuying.solutions Trading Fund ("the Fund") was established under the Government Trading Funds Act 19731("the 1973 Act") by the Buying Agency Trading Fund Order 19912("the principal Order") with effect from 1st April 1991;
(2) the Crown assets and liabilities described in general terms in Schedule 2 to the principal Order were appropriated as assets and liabilities of the Fund at the values and amounts specified in that Schedule; and
(3) the Chancellor of the Exchequer, with Treasury concurrence, has determined that the additional Crown assets and liabilities referred to in Article 2 of this Order are properly attributable to the operations for which the Fund was established and suitable to be appropriated to the Fund;
(4) Now, therefore, the Chancellor of the Exchequer, in exercise of the powers conferred on him by sections 1, 2(2) and (7) and 6(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
2. This Order may be cited as the OGCbuying.solutions Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2004 and shall come into force on 31st December 2004.
Appropriation of additional assets and liabilities to the Fund
3. Crown assets consisting of machinery, equipment and oil stocks, comprising the Whitehall District Heating System and the Whitehall Standby Distribution System and Crown liabilities comprising creditors and accruals in relation to those Crown assets shall be respectively appropriated as additional assets and liabilities of the Fund.
Gordon Brown
Chancellor of the Exchequer
9th December 2004
Derek Twigg
Nick Ainger
Two of the Lords Commissioners of Her Majesty’s Treasury
9th December 2004
(This note is not part of the Order)
The Buying Agency Trading Fund was established with effect from 1st April 1991 under the Government Trading Funds Act 1973 by the Buying Agency Trading Fund Order 1991 (S.I. 1991/875). The name of the Fund was changed to OGCbuying.solutions Trading Fund by the Buying Agency Trading Fund...
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