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The Passenger Transport Executives (Capital Finance) (Amendment) Order 1997
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- 1997 No. 253
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order amends the Passenger Transport Executives (Capital Finance) Order 1990 to provide for the deduction from the proceeds arising from the disposal of South Yorkshire Light Rail Limited (formerly named South Yorkshire Supertram Limited) and South Yorkshire Supertram Limited (formerly named South Yorkshire Supertram (No. 2) Limited) of the expenses incurred by the South Yorkshire Passenger Transport Executive in connection with the disposal, before treatment of the balance of such proceeds as if received by the South Yorkshire Passenger Transport Authority under the Local Government and Housing Act 1989.
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