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Local Government Act 1929

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This is the original version (as it was originally enacted).

87Payments out of Road Fund towards General Exchequer Contribution

(1)Towards the General Exchequer Contribution there shall at such times and in such manner as the Treasury may direct be paid out of the Road Fund in respect of the year beginning on the appointed day and each subsequent year an annual contribution amounting to the sum of the following amounts, that is to say—

(a)a sum equal to the certified amount of discontinued road grants for the standard year; and

(b)in respect of each year in the first fixed grant period, eighty ninety-first parts of the sum of three million pounds, and in respect of each year of each following fixed grant period, such sum as Parliament may hereafter determine with respect to the fixed grant period;

and any sum so payable out of the Road Fund shall, in accordance with regulations made by the Treasury, be applied as an appropriation in aid of the moneys to be provided by Parliament for the purposes of the General Exchequer Contribution.

(2)So much of section two of the Roads Act, 1920 as provides for the payment in every year to the Local Taxation Account, out of the sum to be issued out of the Consolidated Fund under that section, of the sum of five hundred and thirty-six thousand nine hundred and fifty-four pounds and eight shillings, shall as from the appointed day cease to have effect. In respect of each of the years beginning on the first day of April, nineteen hundred and twenty-eight and nineteen hundred and twenty-nine, there shall be charged on the Consolidated Fund or the growing produce thereof and paid thereout to the Road Fund, in addition to the sums paid into that fund under subsection (3) of the said section two, a sum of five hundred and thirty-six thousand nine hundred and fifty-four pounds and eight shillings.

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