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Transport (Financial Provisions) Act 1977

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2Grants to National Freight Corporation to meet cash-flow deficit.

(1)With the approval of the Treasury the Secretary of State may, in accordance with this section, make grants to the National Freight Corporation out of moneys provided by Parliament towards so much of the Corporation's expenditure as cannot be met from other sources of finance.

(2)The total amount of grants which may be made under this section shall not exceed £30 million but, subject to that limit, grants under this section may be of such amounts and may be made at such times and subject to such conditions as the Secretary of State thinks fit.

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