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- Point in Time (01/10/2006)
- Original (As enacted)
Version Superseded: 01/03/2019
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There are currently no known outstanding effects for the Endowments and Glebe Measure 1976, Cross Heading: Financial provisions.
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(1)At the end of paragraph (a) of section 2 of the M1Diocesan Stipends Funds Measure 1953 (moneys to be allocated to capital and income accounts), there shall be inserted the following sub-paragraph :—
“(iv)any moneys standing to the credit of the income account of the fund which the Commissioners with the consent of the diocesan board of finance concerned decide to transfer to the capital account of that fund ; and”.
(2)For section 4 of the said Measure of 1953 there shall be subtituted the following section :—
“4(1)Subject to any charges imposed on the capital of the diocesan stipends fund of a diocese by any enactment or any scheme or oder made under any enactment, moneys standing to the credit of the capital account of that fund may, at the discretion of the Commissioners on the request of the bishop made with the concurrence of the diocesan board of finance, be applied for any or all of the following purposes:—
(a)the acquisition of any land to be held by the board as part of the diocesan glebe land of the diocese ;
(b)the development or improvement of any such land and the safeguarding of the amenities thereof ;
(c)the discharge of any expense of a capital nature levied uner any enactment and payable by the diocesan board of finance as the person for the time being entitled to the interest in any such land by reference to which the expense was levied ;
(d)the discharge of any principal or interest owing in respect of any loan made in respect of any such land ; and
(e)the discharge of any principal or interest owing in respect of any loan made to the board by the Commissioners under section 36 of the Endowments and Glebe Measure 1976.
(2)In this section “development”, in relation to a building, includes the division or demolition thereof and “diocesan glebe land” has the same meaning as in the Endowments and Glebe Measure 1976.”
(3)For subsection (3) of section 5 of the M2Parsonages Measure 1938 there shall be substituted the following subsection :—
“(3)Any moneys arising from any sale or exchange of any part of the property of a benefice under this Measure, in so far as they shall not be applied and disposed of under the foregoing provisions of this section or under section 36(2) of the Endowments and Glebe Measure 1976, shall be allocated by the Church Commissioners to the capital account of the diocesan stipends fund of the diocese to which the benefice belongs.”
Modifications etc. (not altering text)
C1The text of ss. 9, 18(4)(5), 35, 38(1), 41, 44, 47(1)(4), Sch. 5 and Sch. 8 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991
Marginal Citations
(1)The proceeds of, or the capital moneys arising from, any sale, exchange or other dealing with investments [F2or deposits]made by a Diocesan Board of Finance under section 4(1) of the Diocesan Stipends Funds Measure 1953 less the costs, charges and expenses directly attributable to the transaction in question [F3shall be allocated to the capital account of its diocesan stipends fund].
(2)All dividends or other payments in the nature of income received by a Diocesan Board of Finance in respect of the investment [F2or deposit]of any moneys standing to the credit of the capital account of the diocesan stipends fund of the diocese concerned [F3shall be allocated] to the income account of that fund.
F4(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
Textual Amendments
F1S. 35A inserted (1.1.1999) by 1998 No. 1, s. 13(1), Sch. 5 para. 4; Instrument dated 14.10.1998 made by Archbishops of Canterbury and York
F2Words in s. 35A(1)(2) inserted (1.1.2001) by 2000 Measure No. 1, s. 8, Sch. 5 para. 10(a)(b); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
F3Words in s. 35A(1)(2) substituted (1.1.2001) by 2000 Measure No. 1, s. 8, Sch. 5 para. 10(a)(b); Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
(1)The Commissioners shall have power to make to a Diocesan Board of Finance, and any such Board shall have power to receive, loans of such amounts, on such terms, and subject to the payment of interest at such rate, as the Commissioners think fit for any or all of the following purposes:—
(a)the acquisition of any land to be held by the Board as part of the diocesan glebe land of the diocese;
(b)the development or improvement of any such land and the safeguarding of the amenities thereof;
(c)the discharge of any principal or interest owing under any mortgage on any such land; and
(d)the provision, development or improvement of parsonage land and the safeguarding of the amenities thereof.
F5(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)In this section “development”, in relation to a building, includes the division or demolition thereof.
Textual Amendments
F5S. 36(2) repealed (1.10.2006) by Church of England (Miscellaneous Provisions) Measure 2006 (No. 1), s. 16(2), Sch. 6; 2006 No. 2, Instrument made by Archbishops
Textual Amendments
F6S. 37 repealed (1.1.2001) by 2000 Measure No. 1, s. 20, Sch. 8 Pt. I; Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York
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