# The Channel 4 (Application of Excess Revenues) Order 1996, Note: 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.

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Source: https://www.legislation.gov.uk/uksi/1996/3093/note (the official version)
Page: https://openlegislation.uk/channel-4-application-of-excess-revenues-order-1996/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.