Source: http://www.legislation.gov.uk/ukpga/2006/12/schedule/1/part/3
Timestamp: 2013-05-22 11:10:01
Document Index: 217598748

Matched Legal Cases: ['art. 7', 'art. 3', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art 3']

Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to London Olympic Games and Paralympic Games Act 2006. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act functions ceased to be exercisable concurrently by S.I. 2010/1551 art. 7(d)Act functions made exercisable concurrently by S.I. 2007/2129 art. 3(1)art. 3(2)(d)Whole provisions yet to be inserted into this Act (including any effects on those provisions):s. 8(3(b) repealed by 2011 c. 20 Sch. 25 Pt. 32s. 15A inserted by 2011 c. 22 s. 5(6)s. 16A 16B inserted by 2011 c. 22 s. 7(1)s. 16C 16D inserted by 2011 c. 22 s. 8s. 16E inserted by 2011 c. 22 s. 9s. 31A-31E inserted by 2011 c. 22 s. 1(9)Commencement Orders yet to be applied to the London Olympic Games and Paralympic Games Act 2006:Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing provisions within this Act into force:S.I. 2006/1118 art. 2-5 commences (2006 c. 12)S.I. 2007/1064 art. 2 commences (2006 c. 12)S.I. 2009/2577 art. 2 commences (2006 c. 12)S.S.I. 2006/611 art. 2 commences (2006 c. 12)Commencement Orders bringing legislation that affects this Act into force:S.I. 2011/3019 art. 3 Sch. 1 commences (2011 c. 13)S.I. 2012/628 art. 2-8 commences (2011 c. 20)S.I. 2012/1662 art. 2(2)(b) commences (2011 c. 24) Part 3 E+W+S+N.I.MoneyIncomeE+W+S+N.I.26(1)The Secretary of State may give financial assistance to the Authority if he thinks that other sources of financial assistance will or may be insufficient for a purpose.E+W+S+N.I.(2)Financial assistance under sub-paragraph (1)—(a)may take the form of grants, loans, guarantees or indemnities, and(b)may be given on conditions (which may include conditions about repayment with or without interest).27The Authority may accept gifts.E+W+S+N.I.Remuneration, &c.E+W+S+N.I.28(1)The Authority may pay to the Chairman, another member or a member of a committee or sub-committee—E+W+S+N.I.(a)such remuneration as the Secretary of State may determine, and(b)such travelling and other allowances as the Secretary of State may determine.(2)The Authority may pay to or in respect of the Chairman or another member such sums as the Secretary of State may determine by way of, or in respect of, pensions, allowances or gratuities.(3)If the Secretary of State thinks that there are special circumstances that make it right for a person ceasing to hold office as Chairman or member of the Authority to receive compensation, the Authority may pay to him such compensation as the Secretary of State may determine.29(1)The Authority may pay sums to or in respect of a member or former member of staff by way of or in respect of—E+W+S+N.I.(a)remuneration,(b)allowances,(c)pensions,(d)gratuities, or(e)compensation for loss of employment.(2)In Schedule 1 to the Superannuation Act 1972 (c. 11) (employment to which superannuation schemes may extend) in the list of other bodies insert at the appropriate place— “ The Olympic Delivery Authority. ”Other paymentsE+W+S+N.I.30The Authority may make payments in respect of expenditure (which may include expenditure of a capital nature) by—E+W+S+N.I.(a)the Authority, or(b)a person to whom it delegates functions under paragraph 16 or 17.InvestmentE+W+S+N.I.31The Authority may deposit money in an interest-bearing account (but may not otherwise invest).E+W+S+N.I.AccountsE+W+S+N.I.32(1)The Authority shall—E+W+S+N.I.(a)keep proper accounting records, and(b)prepare a statement of accounts in respect of each financial year.(2)The Authority shall send a copy of a statement under sub-paragraph (1)(b)—(a)to the Secretary of State, and(b)to the Comptroller and Auditor General.(3)A copy of a statement must be sent under sub-paragraph (2) within such period, beginning with the end of the financial year to which the statement relates, as the Secretary of State may, with the consent of the Treasury, direct.(4)The Comptroller and Auditor General shall—(a)examine, certify and report on a statement received under this paragraph, and(b)send a copy of the statement and his report to the Secretary of State, who shall lay them before Parliament.Financial yearE+W+S+N.I.33(1)The financial year of the Authority shall be the period of 12 months ending with the 31st March.E+W+S+N.I.(2)But the first financial year of the Authority shall be the period—(a)beginning with the coming into force of section 3, and(b)ending with the following 31st March.Previous: PartNext: ScheduleBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActPrint The Whole SchedulePDF The Whole ScheduleWeb page The Whole SchedulePrint This Part onlyPDF This Part onlyWeb page This Part onlyLegislation is available in different versions:Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. 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