Search Legislation

Advanced Search

Sovereign Grant Act 2011

The Sovereign Grant

Section 7: Review by Royal Trustees of Sovereign Grant

65.This section requires the Royal Trustees to consider at fixed intervals whether the percentage in section 6(1) remains appropriate.

66.Under subsection (1), the Royal Trustees must review whether the percentage set out in Step 1 of section 6(1) remains appropriate.

67.Under subsection (2), the Royal Trustees must prepare a report setting out and explaining the conclusions of their review, including a recommendation for a different percentage if they think one justified.

68.Subsections (3) and (4) provide that the Royal Trustees must give a copy of the report to the Treasury, who must lay it before Parliament.

69.Subsection (5) requires regular reviews, starting from 1 April 2012. The first review must take place after 4 years, so it will begin in Spring 2016. Thereafter a review is required every 5 years.

Back to top

Options/Help

Print Options

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources