The Channel 4 (Application of Excess Revenues) Order 1996

Made: 10th December 1996

Coming into force: 11th December 1996

The Secretary of State, in exercise of the powers conferred on her by section 27(7) of the Broadcasting Act 1990[^f00001], hereby makes the following Order a draft of which has been laid before and approved by resolution of each House of Parliament:—

1

This Order may be cited as the Channel 4 (Application of Excess Revenues) Order 1996 and shall come into force on the day after the day on which it is made.

2

In section 27(3)(a) of the Broadcasting Act 1990[^f00002], for “50 per cent” substitute “nil per cent”.

Signed

Virginia Bottomley — Secretary of State for National Heritage — 10th December 1996

Explanatory note

(This note is not part of the Order)

This Order reduces from 50% to nil the percentage of the excess revenue of the Channel Four Television Corporation which must be carried to the credit of a reserve fund of the Corporation under section 27(3) of the Broadcasting Act 1990.

Footnotes

[^f00001]: 1990 c. 42; section 27(7) was inserted by the Broadcasting Act 1996 (c. 55), section 83940.

[^f00002]: Section 27(3) was amended by the Broadcasting Act 1996, section 83(3).