# The Police Act 1997 (Provisions in relation to the NCIS Service Authority) Order 1998, Article G18: Effect of certain capital grants on credit approvals


(1) In this article “specified capital grants” means grants, contributions and subsidies—
(a) which are paid to the Authority in aid of its expenditure for capital purposes;
(b) which are payments of the same type as payments specified for the purposes of section 57 of the 1989 Act by regulations made by the Secretary of State under that Act, in which case such payments shall be specified, to the same extent, for the purposes of this article.
(2) If at any time the Authority receives a specified capital grant, such, if any, of the Authority’s credit approvals as are relevant to that grant shall, in accordance with the following provisions of this article, be reduced or, as the case may be, extinguished by deducting therefrom an amount equal to the grant.
(3) For the purpose of this article, a credit approval is relevant to a specified capital grant i f —
(a) the approval has effect at the time the grant is received or at any time thereafter; and
(b) the purposes for which the approval may be used are or include the purposes towards expenditure on which the grant is made.
(4) Subject to paragraph (5) below, where, by virtue of paragraph (2) above, a deduction is required in respect of a specified capital grant,—
(a) the deduction shall be applied to the credit approvals which are relevant to the grant in the order in which those approvals were received;
(b) subject to sub-paragraph (d) below, the reduction or extinguishment of any such approval shall be regarded as taking place when the grant is received;
(c) if the amount of the deduction exceeds the total of the credit approvals which are relevant to the grant and were received before the grant, the excess shall be applied in reduction (or extinguishment) of credit approvals which are so relevant and are received later; and
(d) any such reduction or extinguishment of a later credit approval as is referred to in sub-paragraph (c) above shall be regarded as taking place when the approval is received.
(5) In any case where before the time when a specified capital grant is received by the Authority, the Authority has made a determination under article G17 above with respect to a credit approval which is relevant to that grant the credit approval shall not, to that extent, be taken into account under paragraphs (2) and (4) above; but, subject to that, the making of determination under article G17 above with respect to a credit approval shall not affect the operation of those paragraphs in relation to it.

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Source: https://www.legislation.gov.uk/uksi/1998/633/article/G18 (the official version)
Page: https://openlegislation.uk/police-act-1997-provisions-in-relation-to-the-ncis-service-authority-order-1998/article-G18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.