Transport (Grants) Act 1972

2 Contributions by Secretary of State towards expenditure intended to promote employment.

(1) There may be defrayed out of moneys provided by Parliament such sums not in the aggregate exceeding £5 million as may be required by the Secretary of State for the purpose of making with the approval of the Treasury contributions towards expenses to which this section applies.

(2) This section applies—

(a) to expenses incurred by the British Railways Board or any of their subsidiaries in or in connection with the carrying out of any project which is commenced before 1st April 1974 and which, pursuant to an agreement entered into with the Secretary of State with a view to promoting employment (whether or not in the transport industry) is, in whole or in part, commenced or carried out earlier than it would have been but for the agreement, and

(b) to expenses incurred by the British Railways Board or any of their subsidiaries in or by reason of the purchase before that date of materials for any project, being a purchase which, pursuant to any such agreement, was effected earlier than it would have been but for the agreement.

(3) This section applies to expenses incurred before as well as after the passing of this Act.