The Nuclear Industry (Finance) Act 1977 (1977 chapter 7) is an Act of Parliament of the United Kingdom. Its effect was to amend the financial provision for three of the United Kingdom's nuclear organisations.
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| Long title | An Act to make further financial provision for and in respect of British Nuclear Fuels Limited, The Radio-chemical Centre Limited and the National Nuclear Corporation Limited. |
|---|---|
| Introduced by | The Secretary of State for Energy (Mr. Anthony Wedgwood Benn) Second Reading 8 February 1977 (Commons) |
| Dates | |
| Royal assent | 30 March 1977 |
Status: Amended | |
Provisions
editIts long title is: An Act to make further financial provision for and in respect of British Nuclear Fuels Limited, The Radio-chemical Centre Limited and the National Nuclear Corporation Limited.[1]
It received Royal Assent on 30 March 1977.[1]
The act comprises four sections:[1]
- Section 1. Government guarantee of companies' borrowing, etc.
- Section 2. Financial limits.
- Section 3. National Nuclear Corporation Limited.
- Section 4. Citation.
Effects
editThe financial limits for British Nuclear Fuels Limited (BNFL) was £300 million, but could be increased to not exceeding £500 million The financial limits for The Radio-chemical Centre Limited (TRCL) was £5 million but could be increased to not exceeding £15 million.[1]
The act has subsequently been amended.
See also
editReferences
edit- ^ a b c d "The Nuclear Industry (Finance) Act 1977". Retrieved 17 August 2024.