Dartford-Thurrock Crossing Act 1988

Relevant receipts and assumed interest receipts

6(1)In this Part and in Part III of this Schedule the expressions mentioned below in this paragraph have the meanings there given.

(2)“Relevant receipts” means—

(a)any assets transferred to the Secretary of State by virtue of section 14 (2) (b) of this Act on termination of the appointment of the person appointed under section 11 of this Act to levy tolls;

(b)any other sums received by the Secretary of State in consequence of or in connection with the termination of the contract under which that person was appointed or in pursuance of any right transferred to him by virtue of section 14 of this Act on termination of that person’s appointment;

(c)tolls collected by or on behalf of the Secretary of State; and

(d)any other sums received by the Secretary of State in connection with the exercise (whether by him or by a person appointed to collect tolls on his behalf) of—

(i)any functions of the Secretary of State under this Act; or

(ii)any functions of the Secretary of State under any other enactment with respect to the maintenance or improvement of, or other dealing with, any trunk road or other land comprised in the crossing.

(3)“Assumed interest receipts” means interest on any surplus which may arise during any period in revenue from relevant receipts and amounts treated as received by way of interest on such revenue, as compared with the amounts which would be required during that period for the purposes mentioned in Part III of this Schedule if that revenue and any amounts treated as so received were applied for those purposes.