The text on this page has been created from Hansard archive content, it may contain typographical errors.
—The following expenses, namely—
shall be defrayed by the Secretary of State.
(2) A relevant body which is a party to a PPP agreement shall pay to the Secretary of State, at such times as he may direct, such sums as the Secretary of State may determine in respect of expenses defrayed by the Secretary of State under subsection (1) above.
(3) A PPP agreement may provide that sums paid by a relevant body by virtue of subsection (2) above, or any portion of such sums as may be specified or described in the PPP agreement, may be recovered by the relevant body from a PPP company which is a party to the PPP agreement.
(4) Where a PPP agreement includes provision by virtue of subsection (3) above making any sum recoverable by a relevant body, the directions which may be given under section (Directions of the PPP arbiter)(3) above include directions varying the amount so recoverable.
Brought up, read the First and Second time, and added to the Bill.(5) Sums received by the Secretary of State by virtue of this section shall be paid into the Consolidated Fund.'—[Mr. Dowd.]