SCHEDULE 12 Nuclear liabilities: financial assistance
Electricity Act 1989 (1989 c 29) | Legislation

SCHEDULE 12 Nuclear liabilities: financial assistance

Section 97

Grants by Secretary of State

1

(1)     . . . The Secretary of State may, with the approval of the Treasury, make grants of such amounts as he thinks fit t[for the purpose of meeting] qualifying expenditure, that is to say, expenditure incurred or to be incurred by any person [(whether or not the same person as the person to whom the grant is made)] in connection with—

(a)     the storage or reprocessing of nuclear fuel;

(b)     the treatment, storage or disposal of radioactive waste;

[(ba)     the cleaning-up of a principal nuclear site; or

(c)     the decommissioning of a nuclear installation].

(2)     . . . The Secretary of State may, with the approval of the Treasury, enter into an agreement with any person under which the Secretary of State undertakes that, if such conditions as may be specified in the agreement are satisfied, he will exercise the power conferred by this paragraph in such manner and to such extent as may be specified in the agreement.

(3)     A grant under this paragraph may be made at such times, in such manner and subject to such conditions as the Secretary of State with

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