4(1)Any sums received by the Forestry Commissioners—U.K.
(a)under section 105, or
(b)(subject to sub-paragraphs (2) and (3)) in respect of any transactions carried out by them in the exercise of any of their functions in relation to Wales,
shall be applied by them towards meeting their expenditure on the exercise of their functions in relation to Wales.
(2)The Treasury may direct that any sums within sub-paragraph (1)(b) which are, or are of a description, specified in the direction shall be paid into the Consolidated Fund.
(3)[F1The Welsh Ministers] may direct that any sums within sub-paragraph (1)(b) which are, or are of a description, specified in the direction shall be paid to [F2them].
(4)A direction under sub-paragraph (3) may be varied or revoked by a direction under sub-paragraph (2) (as well as by another direction under sub-paragraph (3)).
Textual Amendments
F1Words in Sch. 7 para. 4(3) substituted by the Government of Wales Act 2006, (c. 32), ss. 160, 161, {Sch. 10 para. 55(3)(a)} (with Sch. 11), the amending provision coming into force immediately after the end of "the initial period" (which ended with the day of the first appointment of a First Minister on 25.5.2007) - see ss. 46, 161(4)(c)(5) of the amending Act
F2Words in Sch. 7 para. 4(3) substituted by the Government of Wales Act 2006, (c. 32), ss. 160, 161, {Sch. 10 para. 55(3)(b)} (with Sch. 11), the amending provision coming into force immediately after the end of "the initial period" (which ended with the day of the first appointment of a First Minister on 25.5.2007) - see ss. 46, 161(4)(c)(5) of the amending Act