# Industrial Development Act 1985, Section 3: Retention of receipts to meet expenses.

Extent: E+W+S

In section 6(1)(a) of the 1981 Act (which excepts from the Corporation’s obligations under that section to pay over its receipts to the Secretary of State receipts required for meeting expenses properly payable out of income), for the words “expenses properly payable out of income,” there shall be substituted the words “any of its expenses”.

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Source: https://www.legislation.gov.uk/ukpga/1985/25/section/3 (the official version)
Page: https://openlegislation.uk/industrial-development-act-1985/section-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.