118 Special duties with respect to flood defence revenue
Water Resources Act 1991 (1991 c 57) | Legislation

118  Special duties with respect to flood defence revenue

(1)     Revenue raised by the [appropriate agency] as mentioned in subsection (2) below—

(a)     shall, except for any amount falling within subsection (3) below, be spent only in the carrying out of the [appropriate agency's] [flood and coastal erosion risk management functions, within the meaning of Part 1 of the Flood and Water Management Act 2010,] in or for the benefit of the [flood risk management region] in which it is raised; . . .

(b)     shall be disregarded [where the appropriate agency is the Agency,] in determining the amount of any surplus for the purposes of [section 44(4) of the 1995 Act][;

(c)     where the appropriate agency is the NRBW, shall be disregarded in determining the amount of any

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Serving outside the jurisdiction with court permission—application and order

This Practice Note addresses issues when serving out of the jurisdiction and the permission of the court is required. It explains how to make an application and the form of order required. An application to serve out of the jurisdiction is generally made without notice and on the papers. Key

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Liquidated damages in construction contracts

Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of

LEXISNEXIS

Standard of care in professional negligence claims

Standard of care in professional negligence claimsThis Practice Note considers the standard of care in professional negligence claims, originally formulated in Bolam v Friern Hospital as being that of reasonable skill and care but now reconsidered following Montgomery v Lanarkshire Health. It