[F129GEffective exercise of core functionsS
This section has no associated Explanatory Notes
For the purposes of sections 29C(5) and 29F(1), Scottish Water is to be taken to be exercising its core functions effectively if (in discharging its statutory duties and contractual obligations relating to the exercise of those functions) it makes such use of its resources that, year on year, it—
(a)achieves the objectives contained in any directions given by reference to section 56A, and
(b)does so at the lowest reasonable overall cost.]
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