Article 1 Citation, commencement and interpretation

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

art.1(2) (defn. of Deed of Assumption) added by Passenger Transport Executives (Capital Finance) 1995 art.2(a)(i)
art.1(2) (defns. of relevant sum and special sum) added by Passenger Transport Executives (Capital Finance) 1995 art.2(a)(ii)
art.1(2) (defn. of relevant sum) amended by Passenger Transport Executives (Capital Finance) 1996 art.2(a)
art.1(2) (defn. of special sum) amended by Passenger Transport Executives (Capital Finance) 1996 art.2(b)

(1)

This Order may be cited as the Passenger Transport Executives (Capital Finance) Order 1990 and shall come into force on 1st April 1990.

(2)

In this Order,

“the Act” means the Local Government and Housing Act 1989;
“current assets” shall be construed in accordance with paragraph 77 of Schedule 4 to the Companies Act 1985^f1;
“Executive” means a Passenger Transport Executive;
“relevant date” in relation to an Executive, means—
1. (a)
  
  in the financial year preceding 1st April 1990, 31st March 1990, and
2. (b)
  
  in any financial year beginning on or after 1st April 1990, 31st March in that financial year;

and in relation to an Executive for a passenger transport area a reference to the relevant Authority is a reference to the Passenger Transport Authority for that area.

Annotations

Footnotes

f1: 1985 c. 6