- Latest available (Revised)
- Original (As enacted)
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Offshore Petroleum Development (Scotland) Act 1975. Any changes that have already been made by the team appear in the content and are referenced with annotations.
This section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.
(1)There shall be defrayed out of moneys provided by Parliament—
(a)any expenses incurred by the Secretary of State under this Act;
(b)any increase attributable to this Act in the sums payable out of money so provided under any other Act;
and any sums received by the Secretary of State by virtue of this Act shall be paid into the Consolidated Fund.
(2)The aggregate of—
(a)expenditure of the Secretary of State under section 10 of this Act, plus
(b)loans by the Secretary of State under section 11 of this Act, plus
(c)liabilities of the Secretary of State under any guarantees given by him under the said section 11 (exclusive of any liability in respect of interest on a principal sum so guaranteed),
less any sums received by the Secretary of State—
(i)in respect of the recovery of expenditure incurred by him under the said section 10, and
(ii)by way of repayment of loans under the said section 11, and
(iii)by way of repayment of principal sums paid to meet guarantees under the said section 11,
shall not at any time exceed £40 million.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: