OGCbuying.solutions Trading Fund (Extension and Amendment) Order 2009

It appears to the Chancellor of the Exchequer that—

(a) additional operations of OGCbuying.solutions, consisting of the procurement and supply of goods and services to all public bodies and to other organisations whose activities involve the delivery of public services, are suitable to be financed by means of a trading fund and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods and services provided in the course of the operations in question; and

(b) the financing of those operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations; and

(c) the operations of the Fund should extend to those operations;

It appears to the Chancellor of the Exchequer that certain of the existing operations of the Fund are no longer suitable to be financed by means of a trading fund and should therefore cease to be operations of the Fund;

In accordance with sections 1(3) and 6(4) of the 1973 Act the Chancellor of the Exchequer has taken such steps as appear to him to be appropriate to give an opportunity to such persons as appear to him to be appropriate to make representations and has laid before Parliament a report about the representations and the conclusions;

In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House.

The Chancellor of the Exchequer, in exercise of the powers conferred by sections 1(1) and 6(1) of the 1973 Act, with the concurrence of the Treasury makes the following Order:

Citation and commencement

1.  This Order may be cited as the OGCbuying.solutions Trading Fund (Extension and Amendment) Order 2009 and comes into force on the day after the day on which it is made.

Amendment of the principal Order

2.  For Schedule 1 (Funded Operations) of the Buying Agency Trading Fund Order 1991, there is substituted the Schedule to this Order.

Alistair Darling

Chancellor of the Exchequer

20th January 2009

We concur

Tony Cunningham

Frank Roy

Two of the Lords Commissioners of Her Majesty’s Treasury

14th January 2009