British Coal and British Rail (Transfer Proposals) Act 1993 (repealed)

Power to act in relation to proposals for transfer of functions, property etc

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Short title, financial provision and extent

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EXPLANATORY AND FINANCIAL MEMORANDUM

This Bill confers on the British Coal Corporation and the British Railways Board powers to participate in the implementation of proposals for the transfer of their commercial activities to the private sector and proposals for the establishment of new arrangements with respect to their other functions.

Clause 1 empowers the Corporation and the Board to take appropriate steps for facilitating the implementation of Government proposals for, or related to, the transfer of their functions, property, rights or liabilities to other bodies or persons. It also empowers them to seek modifications of related proposals.

Financial effects of the Bill

Costs incurred by the Corporation and the Board under the Bill will not increase the overall amount of public expenditure on the coal industry or the railways unless they lead to an increase in the Corporation’s or the Board’s external financing limits and, in that event, any increase attributable to the Bill would not be significant in relation to the total amount of public expenditure on the coal industry or the railways.

Effect of the Bill on public service manpower

The Bill is not expected to have any significant effect on public service manpower.

Power to act in relation to proposals for transfer of functions, property etc.

Editorial notes