# Finance Act 2000, Paragraph 52E


(1) Regulations may—
(a) specify terms which must be included in agreements falling within paragraph 47 or in umbrella or underlying agreements within the meaning of paragraph 48, and
(b) confer power on the Administrator to vary such agreements to take account of any changes in the terms specified under paragraph (a) from time to time.
(2) The terms which may be specified under sub-paragraph (1)(a) include (in particular) terms falling within paragraph 49(4) under which the absence (or partial absence) of any progress towards meeting any targets for a facility may be made up for by the payment to the Administrator of a sum specified in, or determined in accordance with, the regulations.
(3) Sums received by the Administrator must be paid to the Secretary of State who must pay them into the Consolidated Fund.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/6/paragraph/52E (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-6/paragraph-52E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.