Section 14

Duty of Board in financial matters

of Public Utilities Act 2001

ActIn forceProvision 15 of 119

It is the duty of the Board to exercise and perform its functions under this Act so as to secure that the total revenues of the Board are sufficient, taking one financial year with another, to meet its total outgoings properly chargeable to revenue account, including depreciation and interest on capital and to meet a reasonable proportion of the cost of the development of the services of the Board.

Read in full context — Public Utilities Act 2001 →

Section 14

Duty of Board in financial matters

of Public Utilities Act 2001

ActIn forceProvision 15 of 119

It is the duty of the Board to exercise and perform its functions under this Act so as to secure that the total revenues of the Board are sufficient, taking one financial year with another, to meet its total outgoings properly chargeable to revenue account, including depreciation and interest on capital and to meet a reasonable proportion of the cost of the development of the services of the Board.

Read in full context — Public Utilities Act 2001 →