Nuclear Industry (Finance) Act 1977

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Nuclear Industry (Finance) Act 1977
Royal Coat of Arms of the United Kingdom (variant 1, 1952-2022).svg
Long title An Act to make further financial provision for and in respect of British Nuclear Fuels Limited, The Radio-chemical Centre Limited and the National Nuclear Corporation Limited.
Introduced byThe Secretary of State for Energy (Mr. Anthony Wedgwood Benn) Second Reading 8 February 1977 (Commons)
Dates
Royal assent 30 March 1977
Status: Amended

The Nuclear Industry (Finance) Act 1977 (1977 chapter 7) is an Act of Parliament of the United Kingdom. Its effect was to amend the financial provision for three of the United Kingdom's nuclear organisations.

Contents

Provisions

Its long title is: An Act to make further financial provision for and in respect of British Nuclear Fuels Limited, The Radio-chemical Centre Limited and the National Nuclear Corporation Limited. [1]

It received Royal Assent on 30 March 1977. [1]

The act comprises four sections: [1]

Effects

The financial limits for British Nuclear Fuels Limited (BNFL) was £300 million, but could be increased to not exceeding £500 million The financial limits for The Radio-chemical Centre Limited (TRCL) was £5 million but could be increased to not exceeding £15 million. [1]

The act has subsequently been amended.

See also

Atomic Energy Authority Act

Atomic Energy Research Establishment

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References

  1. 1 2 3 4 "The Nuclear Industry (Finance) Act 1977" . Retrieved 17 August 2024.