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British Railways Board (Finance) Act 1991

1991 CHAPTER 63 I1

An Act to alter the limits under section 42(6) of the Transport Act 1968 relating to the indebtedness of the British Railways Board and the limits on the amount of compensation payable in respect of certain public service obligations of the Board.

[25th July 1991]

F1 Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

1 Increased borrowing limit for British Railways Board.

(1) M1,M2 In section 42(6) of the Transport Act 1968 (which, as amended by section 1 of the Transport (Finance) Act 1982 , limits the aggregate amount outstanding in respect of the principal of money borrowed by the British Railways Board and its commencing capital debt to £1,100 million or such greater sum not exceeding £1,300 million as the Secretary of State may by order specify) for the words from “shall not exceed” to “as the Minister” there shall be substituted “shall not exceed £3,000 million or such greater sum not exceeding £5,000 million as the Secretary of State”.

(2) Section 1 of the Transport (Finance) Act 1982, which is superseded by subsection (1) above, is hereby repealed.

F2 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Short title.

This Act may be cited as the British Railways Board (Finance) Act 1991.

Status: There are currently no known outstanding effects for the British Railways Board (Finance) Act 1991.
British Railways Board (Finance) Act 1991 (1991/63)
Version from: 1 April 1994

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in force Provision is in force
in force* In force only for specified purposes (see footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
defined term Defined term
dfn Defined term (alternative style)
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
F1 Act repealed ( prosp. ) by 2000 c. 38 , ss. 274 , 275(1) , Sch. 31 Pt. IV text repealed prospectively or the amendment may be in effect for limited purposes, see the commentary. repealed
F2 S. 2 repealed (1.4.1994) by 1993 c. 43 , s. 152(3) , Sch.14 ; S.I. 1994/571 , art. 5 repealed
I1 Act wholly in force at Royal Assent.
M1 1968 c. 73 .
M2 1982 c. 6 .
Defined Term Section/Article ID Scope of Application

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Contains public sector information licensed under the Open Government Licence v3.0.