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The Driver & Vehicle Testing Agency Trading Fund Order (Northern Ireland) 1996
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- Northern Ireland Statutory Rules
- 1996 No. 32
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Citation and commencement
1. This Order may be cited as the Driver & Vehicle Testing Agency Trading Fund Order (Northern Ireland) 1996 and shall come into operation on 1st April 1996.
Interpretation
2. In this Order—
“the fund” means the trading fund established by this Order;
“Driver & Vehicle Testing Agency” means that part of the Department of the Environment known as the Driver & Vehicle Testing Agency; and
“vehicle” means road vehicle.
Establishment of the fund
3. As from 1st April 1996 there shall be established a trading fund for such of the operations of the Driver & Vehicle Testing Agency as are described in Schedule 1.
Source of loans
4. The Department is hereby designated as the source of issues to the fund by way of loan.
Assets, liabilities and public dividend capital
5.—(1) The Crown assets and liabilities set out in Schedule 2 shall be appropriated as assets and liabilities of the fund at the values or amounts shown in that Schedule.
(2) The sum of £2,100,000, being part of the amount by which the values of those assets exceed the amounts of those liabilities, shall be treated as public dividend capital.
Limitation of indebtedness
6. The maximum amount that may be issued to the fund by way of loan under Article 6 of the Order shall be £10,000,000.
Sealed with the Official Seal of the Department of the Environment on
L.S.
Trevor Pearson
Assistant Secretary
8th February 1996.
The Department of Finance and Personnel hereby concurs in the making of this Order.
Sealed with the Official Seal of the Department of Finance and Personnel on
L.S.
D. Thomson
Assistant Secretary
8th February 1996.
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