# The Passenger Transport Executives (Capital Finance) Order 1990, Article 6: Dealings between the relevant Authority and an Executive


(1) Where a Passenger Transport Authority becomes the lessee under a lease in respect of which the lessor is the Executive in relation to which it is the relevant Authority, or enters into a contract the other party to which is that Executive, the lease or contract, and any variation of such a lease or contract, shall not be treated as a credit arrangement or the variation of such an arrangement for the purposes of Part IV of the Act.
(2) Where the relevant Authority receives from an Executive a sum, or any consideration which is not in money or is paid otherwise than to the Authority,—
(a) the sum shall not be treated as a capital receipt for the purposes of Part IV of the Act; and
(b) section 61 of the Act shall not apply to the consideration.

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Source: https://www.legislation.gov.uk/uksi/1990/720/article/6 (the official version)
Page: https://openlegislation.uk/passenger-transport-executives-capital-finance-order-1990/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.