Statutory Instruments
2019 No. 402
Government Trading Funds
The Crown Commercial Service Trading Fund Order 2019
Made
28th February 2019
Laid before the House of Commons
28th February 2019
Coming into force
1st April 2019
The Crown Commercial Service Trading Fund was originally( 1 ) established under the Government Trading Funds Act 1973 (“the 1973 Act”)( 2 ) by the Buying Agency Trading Fund Order 1991(“the 1991 Order”)( 3 ) with effect from 1st April 1991.
The Minister for the Cabinet Office makes the following Order with the concurrence of the Treasury and in exercise of the powers conferred by sections 1(1) and (7) and 2(5) and (7) of the 1973 Act:
Citation and commencement
1. This Order may be cited as the Crown Commercial Service Trading Fund Order 2019 and comes into force on 1st April 2019.
Assets and liabilities of the Fund
2. The 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 cease to be assets and liabilities of the Crown Commercial Service Trading Fund.
Revocation of appropriation Order
3. The OGCbuying.solutions Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2004( 4 ) is revoked.
David Lidington
Minister for the Cabinet Office
Cabinet Office
28th February 2019
We concur
Paul Maynard
Jeremy Quin
Two of the Lords Commissioners of Her Majesty’s Treasury
27th February 2019
It was originally established as the Buying Agency Trading Fund and after several changes of name is now known the Crown Commercial Service Trading Fund.
1973 c. 63 ; sections 1 and 2 were substituted by section 1 of the Government Trading Act 1990 (c. 30) . Section 2 was further amended by section 119 of the Finance Act 1991 (c. 31) and by section 210 of and Schedule 22 to, the Finance Act 1993 (c. 34) .
S.I. 1991/875 ; the relevant amending and modifying instruments are S.I. 1992/123 , 2004/3277 , S.I. 2009/81 , 2010/2930 and S.I. 2014/561 .