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Electricity (Supply) (Amendment) Act, 1982
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Annual payment by Board to Minister for the Environment.

7.—(1) The Board shall, in the year 1982, pay to the Minister for the Environment the sum of £10,000,000.

(2) (a) The Board shall, in each year after the year 1982, pay to the Minister for the Environment such sum as may be determined by the Government for each such year.

(b) A sum determined under this subsection for any year shall not exceed the amount of the rates made by local authorities which, in the opinion of the Government, the Board would, but for the exemption from such rates by the Electricity (Supply) Acts, 1927 to 1981, of certain property of the Board, be liable to pay for that year in respect of that property.

(3) Moneys paid to the Minister for the Environment under this section shall be paid into the Exchequer or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance thinks fit.