SCHEDULES
I2 SCHEDULE 16 Transfer to SRA of Franchising Director’s functions
Transport Act 1968 (c.73)
I11
1
Section 56 of the Transport Act 1968 (Ministerial grants and local authority payments towards capital expenditure incurred in provision, improvement or development of facilities for public passenger transport) is amended as follows.
2
In subsection (2A), for “Franchising Director under which the Franchising Director undertakes to exercise franchising functions of his” substitute “
Strategic Rail Authority under which the Authority undertakes to exercise any of its franchising functions
”
.
3
In subsection (2B)—
a
omit the definition of “the Franchising Director”, and
b
in the definition of “franchising functions”, for “Franchising Director” substitute “
Strategic Rail Authority
”
and for “him” substitute “
it
”
.
Sch. 16 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)