140Power of Secretary of State to set limit on levy and chargesE+W
This section has no associated Explanatory Notes
(1)Before the beginning of each financial year, the Secretary of State may, with the approval of the Treasury, specify by order—
(a)the maximum amount that Monitor may raise from levies it imposes under section 139 for that year, and
(b)the maximum amount that it may raise from charges it imposes by virtue of section 138 for that year.
(2)Where the Secretary of State makes an order under this section, Monitor must secure that the levies and charges for that year are at a level that Monitor estimates will, in each case, raise an amount not exceeding the amount specified for that case in the order.
Commencement Information
I1S. 140 partly in force; s. 140 in force for specified purposes at Royal Assent, see s. 306(1)(d)