The Driving Standards Agency Trading Fund Order 1997

• Citation: S.I. 1997/873
• Sections: 13

Section 1 Citation and commencement

This Order may be cited as the Driving Standards Agency Trading Fund Order 1997 and shall come into force at 8.00 am on 1st April 1997.

Section 2 Interpretation

In this Order—

“the 1973 Act” means the Government Trading Funds Act 1973;

“the Driving Standards Agency ” means the executive agency of the Department of Transport known as the Driving Standards Agency; and

“the fund” means the trading fund established by this Order.

Section 3 Establishment of the fund

As from the time this Order comes into force, for all the operations of the Driving Standards Agency, more particularly described in Schedule 1 to this Order, there shall be established a trading fund to be known as the Driving Standards Agency Trading Fund.

Section 4 Source of loans

The Secretary of State for Transport is hereby designated as the source of issues to the fund by way of loan.

Section 5 Assets, liabilities and public dividend capital

(1) The Crown assets and liabilities set out in Schedule 2 to this Order shall be appropriated as assets and liabilities of the fund.

(2) 48% of the amount by which the values of the said assets exceed the amounts of the said liabilities shall be treated as public dividend capital.

Section 6 Maximum borrowing etc

The aggregate of—

(a) the total outstanding at any given time in respect of amounts issued to the fund under section 2B of the 1973 Act (other than as originating debt); and

(b) the total at that time constituting public dividend capital issued to the fund under section 2A(2A) of the 1973 Act,

shall not exceed £30,000,000.

Section 1

The conduct of tests of competence to drive a motor vehicle.

Section 2

The supervision of the provision of tests of competence to drive a motor vehicle in so far as such tests are not conducted by the Driving Standards Agency.

Section 3

The supervision of the provision of compulsory basic training for motorcyclists.

Section 4

The administration of the register of approved driving instructors.

Section 5

The revision of the Highway Code.

Section 6

The promotion of safe driving standards in so far as this does not fall within paragraphs (1) to (5) above.

Section 7

Operations incidental, conducive or otherwise ancillary to the foregoing.