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British Coal and British Rail (Transfer Proposals) Act 1993
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- UK Public General Acts
- 1993 c. 2
- EXPLANATORY AND FINANCIAL MEMORANDUM
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EXPLANATORY AND FINANCIAL MEMORANDUM
This Bill confers on the British Coal Corporation and the British Railways Board powers to participate in the implementation of proposals for the transfer of their commercial activities to the private sector and proposals for the establishment of new arrangements with respect to their other functions.
Clause 1 empowers the Corporation and the Board to take appropriate steps for facilitating the implementation of Government proposals for, or related to, the transfer of their functions, property, rights or liabilities to other bodies or persons. It also empowers them to seek modifications of related proposals.
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