3Reimbursement of certain payments in respect of loss of superannuation and employment prospects.
(1)The Secretary of State may out of money provided by Parliament make payments to the Board reimbursing them the amount of payments made by them in respect of loss of superannuation and employment prospects of persons becoming eligible on or after 11th March 1981 to receive payments under a scheme under section 7 of the Act of 1977 (payments to redundant workers).
(2)The amount of any payments qualifying for reimbursement under subsection (1) shall be determined in such manner as may be agreed between the Secretary of State and the Board with the approval of the Treasury and shall be certified by the Board's auditors.
(3)In Schedule 2 to the Act of 1977 (definition of " relevant expenditure " for the purposes of grants under section 6 of that Act), after sub-paragraph (1) of paragraph 1 insert—
“(1A)Head (ii) above shall not include payments in respect of loss of superannuation and employment prospects where those payments are reimbursed by the Secretary of State under section 3 of the Coal Industry Act 1982.”.