The Passenger Transport Executives (Capital Finance) (Temporary Provision) Order 1992

• Citation: S.I. 1992/2820
• Sections: 2

Section 1

This Order may be cited as the Passenger Transport Executives (Capital Finance) (Temporary Provision) Order 1992 and shall come into force on 13th November 1992.

Section 2

(1) During the period commencing on 13th November 1992 and ending on 31st December 1993 article 3(2)(a) of the Passenger Transport Executives (Capital Finance) Order 1990 (“the Principal Order”) shall have effect, except as respects receipts of the descriptions set out in paragraph (2) below, as if for sub-paragraphs (i) and (ii) there were substituted “nil per cent”.

(2) The receipts referred to in paragraph (1) above are sums or consideration received by a Passenger Transport Executive which, in accordance with article 2(1) of the Principal Order, are to be treated as being received by the relevant Authority and are sums or consideration received in respect of the disposal of share capital or loan capital in any body corporate.