Electricity (Financial Provisions) (Scotland) Act 1988

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Electricity (Financial Provisions) (Scotland) Act 1988
Act of Parliament
Royal Coat of Arms of the United Kingdom (variant 1, 1952-2022).svg
Long title An Act to raise the financial limit imposed by and by virtue of section 29(1) of the Electricity (Scotland) Act 1979.
Citation 1988 c. 37
Introduced byLord Sanderson of Bowden on 27 July 1988 (Second Reading) (Lords)
Territorial extent Scotland
Dates
Royal assent 29 July 1988
Repealed31 March 1990
Other legislation
Repeals/revokes
Repealed by Electricity Act 1989
Status: Repealed

The Electricity (Financial Provisions) (Scotland) Act 1988 (c. 37) is an Act of the Parliament of the United Kingdom which raised the financial limit of Scottish electricity boards imposed by earlier legislation.

Contents

Background

Section 29(1) of the Electricity (Scotland) Act 1979 imposed a limit of £2,300 million on stocks, loans and financial advances held by the Scottish electricity boards. [1] This limit was increased to £2,700 million by Statutory Instrument 1985/1253 Electricity (Borrowing Powers) (Scotland) Order 1985. [1]

The present Act increases this limit to £3,000 million. [1]

Electricity (Financial Provisions) (Scotland) Act 1988

The Electricity (Financial Provisions) (Scotland) Act 1988, received royal assent on 29 July 1988. Its long title is ‘An Act to raise the financial limit imposed by and by virtue of section 29(1) of the Electricity (Scotland) Act 1979.’

Provisions

The Act comprised two Sections: [1]

Effects of the Act

The effects of the Act were: [1]

Repeal

The Act was repealed by the Electricity Act 1989 (Schedule 18) [2]

See also

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References

  1. 1 2 3 4 5 "Electricity (Financial Provisions) (Scotland) Act 1988". www.legislation.gov.uk. Archived from the original on 17 October 2010. Retrieved 17 January 2022.
  2. "Electricity Act 1989". www.legislation.gov.uk. Archived from the original on 16 November 2010. Retrieved 17 January 2022.