Section 1 The Sovereign GrantC2C1
A Sovereign Grant is to be paid by the Treasury to Her Majesty for each financial year.
The purpose of the Sovereign Grant for a financial year is to provide resources for use for that year by the Royal Household in support of Her Majesty's official duties (see section 13).
The amount of the Sovereign Grant for the financial year 2012-13 is £31 million.
The amount of the Sovereign Grant for each subsequent financial year is the amount determined by the Royal Trustees for that year in accordance with section 6.
Section 9 (Duchy of Cornwall income) provides, in the circumstances mentioned there, for the amount of the Sovereign Grant to be reduced.
The Sovereign Grant falls to be paid out of money provided by Parliament.
Annotations
Modifications
- C1
S. 1: the Sovereign Grant provisions are continued (11.9.2022) and will now expire 6 months after the end of the present reign by The Sovereign Grant Act 2011 (Duration of Sovereign Grant Provisions) Order 2022 (S.I. 2022/954), arts. 1(2), 2
- C2
For duration of Sovereign Grant provisions (ss. 1-9, 11, 12) see s. 16(1)-(3)