The Vehicle and Operator Services Agency Trading Fund Order 2003

• Citation: S.I. 2003/942
• Sections: 16

Section 1 Citation and commencement

This Order may be cited as the Vehicle and Operator Services Agency Trading Fund Order 2003 and shall come into force on 1st April 2003.

Section 2 Interpretation

In this Order—

“additional assets and liabilities” means the Crown assets and liabilities which are described in Schedule 1 to this Order and are properly attributable to the part of the Department for Transport known as the Traffic Area Network;

“the fund” means the trading fund established by the principal order; and

“the principal order” means the Vehicle Inspectorate Trading Fund Order 1991 as amended by the Vehicle Inspectorate Trading Fund (Variation) Order 1992 and the Vehicle Inspectorate Trading Fund (Appropriation of Additional Assets) Order 1997.

Section 3 Variation of Principal Order

The principal order shall be varied in accordance with articles 4 to 7.

Section 4 Extension of Funded Operations

For paragraphs 1 to 5 of Schedule 1 to the principal order there shall be substituted paragraphs 1 to 8 of Schedule 2 to this Order.

Section 5 Appropriation of assets and liabilities to the fund

The additional assets and liabilities shall be appropriated as assets and liabilities of the fund.

Section 6 Public dividend capital

50% of the amount by which the value of the additional assets exceeds the amount of the additional liabilities shall be treated as public dividend capital of the fund.

Section 7 Limitation of Liabilities

In article 6 of the principal order the sum of “£70,000,000” shall be substituted for “£40,000,000”.

Section 8 Name of Fund

The fund shall be known as the Vehicle and Operator Services Agency Trading Fund.

Section 1

The inspection, examination, testing and weighing of vehicles, their parts, accessories, equipment and loads and the inspection of relevant records.

Section 2

The enforcement of laws relating to, or connected with, vehicles and vehicle operators.

Section 3

The provision of authority required for carrying on activities relating to vehicles and vehicle operators.

Section 4

The promotion of safety and environmental protection in connection with vehicles and vehicle operators.

Section 5

The funding and support, in accordance with the terms and conditions of their appointment, of persons appointed by the Secretary of State to be traffic commissioners or their deputies pursuant to section 4 of and Schedule 2 to the Public Passenger Vehicles Act 1981

Section 6

The provision of persons appointed as officers and servants of traffic commissioners by the Secretary of State pursuant to Schedule 2 to the Public Passenger Vehicles Act 1981.

Section 7

Contributing to any government policy to develop partnerships with other public and private sector bodies.

Section 8

The carrying out of operations incidental, conducive or otherwise ancillary to the conduct of the operations described above.