{
  "url": "https://openlegislation.uk/driving-standards-agency-trading-fund-order-1997/note",
  "json_url": "https://openlegislation.uk/driving-standards-agency-trading-fund-order-1997/note.json",
  "legislation": "uksi/1997/873",
  "legislation_title": "The Driving Standards Agency Trading Fund Order 1997",
  "legislation_url": "https://openlegislation.uk/driving-standards-agency-trading-fund-order-1997",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order provides for the setting up as from 8.00 am on 1st April 1997 of a fund with public money under the Government Trading Funds Act 1973 (“the 1973 Act”) for the operations of the executive agency of the Department of Transport known as the Driving Standards Agency.\nThe Order designates the Secretary of State for Transport as the authorised lender to the fund. The Order specifies the assets (estimated at £23,320,000) and liabilities (estimated at £17,254,000) which are to be appropriated to the fund, and provides for 48% of the difference in value between the assets and liabilities to be treated as public dividend capital of the fund.\nThe Order also provides that the aggregate of the total amount paid to the fund by way of loan (other than as originating debt), and the total amount issued to the fund as public dividend capital under section 2A(2A) of the 1973 Act, is not to exceed £30 million.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/873/note",
    "retrieved_at": "2026-10-29T12:19:15.067097+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}