(1)Scottish Water must exercise its functions under sections 29A and 29F for the purposes of ensuring that subsections (4) and (5) are complied with.
(2)The Commission must—
(a)exercise its functions under sections 29A, 29B and 29F for the purposes of ensuring that subsections (4) and (5) are complied with,
(b)exercise its functions under section 29E for the purposes of ensuring that subsection (5) is complied with, and
(c)in exercising its functions under those sections, have regard to—
(i)any guidance issued to Scottish Water by the Scottish Ministers, and
(ii)any directions given to Scottish Water under section 44 or 56,
so far as relevant in relation to charges schemes.
(3)The Scottish Ministers must—
(a)provide the Commission with such information as it may require for the purpose of subsection (2)(c); and
(b)in particular, send to the Commission copies of any guidance and directions referred to in that subsection when issued or given.
(4)This subsection is complied with if (so far as is consistent with compliance with subsection (5)) a charges scheme gives effect to any statement issued under section 29D.
(5)This subsection is complied with if (so far as is consistent with compliance with section 41(1)) Scottish Water's receipts from the aggregate of—
(a)its income from charges for services provided in the exercise of its core functions, and
(b)the amount of—
(i)any grants paid to it under subsection (1) of section 42,
(ii)money it may borrow under subsection (3) of that section, and
(iii)any other resources reasonably available to it,
for the purposes of the exercise of those functions,
is not less than sufficient to meet the expenditure required for the effective exercise of those functions.]
Textual Amendments
F1Ss. 29-29G substituted for s. 29 (1.7.2005) by Water Services etc. (Scotland) Act 2005 (asp 3), ss. 21(1), 37(2) (with s. 36); S.S.I. 2005/351, art. 2, sch. 2