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Coal Industry Act 1992

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This is the original version (as it was originally enacted).

1Further grants for workforce redeployment and reduction etc

(1)Section 3 of the [1987 c. 3.] Coal Industry Act 1987 (grants to British Coal Corporation towards expenditure on workforce redeployment and reduction etc. in respect of costs falling to be charged to accounts in respect of relevant financial years) shall be amended as follows.

(2)In subsection (4)(a) (which defines “relevant financial year” as a year ending not later than March 1993) for the words “March 1993” there shall be substituted the words “March 1996”.

(3)In subsection (6) (aggregate grants not to exceed £1,250 million or, if an order so provides, £1,500 million) for the words “£1,250 million” there shall be substituted the words “£2,500 million” and for the words “£1,500 million” there shall be substituted the words “£3,000 million”.

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