Government Resources and Accounts Bill - continued        House of Lords
Public-private partnerships - continued

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Investment: limit.     18. - (1) The Treasury shall ensure that the aggregate of outstanding expenditure under section 16(1)(b) and (c) does not at any time exceed £400 million.
 
      (2) For the purpose of subsection (1)-
 
 
    (a) outstanding expenditure in respect of the acquisition of assets, securities and rights shall be taken to be the aggregate of amounts paid for the acquisition of assets, securities and rights which have not been disposed of,
 
    (b) outstanding expenditure in respect of a loan shall be taken to be the amount outstanding in respect of the principal,
 
    (c) outstanding expenditure in respect of a guarantee shall be taken to be the aggregate of amounts which have been paid in fulfilment of it and in respect of which the Treasury have not been reimbursed, and
 
    (d) the Treasury shall make arrangements for evaluating outstanding expenditure in respect of anything done under section 16(1)(b) or (c) which is not addressed by paragraphs (a) to (c) above.
      (3) The Treasury may by order substitute a new amount for the amount for the time being specified in subsection (1).
 
      (4) An order under subsection (3)-
 
 
    (a) shall be made by statutory instrument, and
 
    (b) shall not be made unless a draft has been laid before, and approved by resolution of, each House of Parliament.
Expenditure: supplementary.     19. - (1) Expenditure by the Treasury for the purposes of section 16 shall, subject to subsection (2), be paid out of money provided by Parliament.
 
      (2) Sums required for fulfilling guarantees given under section 16 shall be charged on and issued out of the Consolidated Fund.
 
      (3) Sums received by the Treasury in connection with anything done under section 16 shall be paid into the Consolidated Fund.
 
 
Value Added Tax
Supplies by government departments.     20. - (1) This section applies where a government department makes supplies of goods or services which are taxable supplies for the purposes of the Value Added Tax Act 1994.
 
      (2) The Treasury may make arrangements-
 
 
    (a) about the treatment of receipts and payments in respect of value added tax in accounts under section 5 or 7;
 
    (b) for the exemption of receipts in respect of value added tax, to such extent and on such conditions as may be specified, from any requirement for payment into the Consolidated Fund.
      (3) For the purposes of this section "government department" has the same meaning as it has for the purposes of section 41 of the Value Added Tax Act 1994 (application to the Crown).
 
      (4) Section 21 of the Finance Act 1999 (accounting for VAT by departments) shall cease to have effect.
 
 
Miscellaneous
Alteration of timetables for accounts.     21. - (1) The Treasury may by order substitute a new date for a date for the time being specified in section 5, 6 or 7.
 
      (2) An order under subsection (1)-
 
 
    (a) may specify a new date for all purposes or for specified purposes only,
 
    (b) may specify different dates for different purposes,
 
    (c) shall be made by statutory instrument, and
 
    (d) shall be subject to annulment in pursuance of a resolution of the House of Commons.
      (3) Before making an order under subsection (1) the Treasury shall consult the Comptroller and Auditor General.
 
Treasury directions.     22. A direction of the Treasury under-
 
 
    (a) this Act, or
 
    (b) the Exchequer and Audit Departments Act 1921,
       may be revoked or amended by a further direction.
 
Examinations by Comptroller and Auditor General.     23. - (1) Subsections (2) and (3) have effect in relation to examinations of accounts carried out by the Comptroller and Auditor General under section 6, 7 or 11.
 
      (2) If the Comptroller and Auditor General changes the extent or character of a particular kind of examination, he shall report to the House of Commons.
 
      (3) An examination of accounts carried out by the Comptroller and Auditor General shall be carried out on behalf of the House of Commons.
 
      (4) Subsection (5) applies where the Comptroller and Auditor General examines and certifies accounts of a body by virtue of an enactment or agreement.
 
      (5) Section 8(1) shall apply for the purposes of the examination of the body's accounts as it applies for the purposes of the examination of a department's accounts.
 
      (6) The Treasury may by order provide for the accounts of a body to be audited by the Comptroller and Auditor General.
 
      (7) An order under subsection (6)-
 
 
    (a) may be made in relation to a body only if it appears to the Treasury that the body exercises functions of a public nature or is entirely or substantially funded from public money,
 
    (b) may make such supplementary or consequential provision (including provision amending an enactment) as the Treasury think expedient,
 
    (c) shall not be made unless the Treasury have consulted the Comptroller and Auditor General, and
 
    (d) shall not be made unless a draft of the order has been laid before, and approved by resolution of, each House of Parliament.
Reports of Comptroller and Auditor General.     24. - (1) This section applies where-
 
 
    (a) a report of the Comptroller and Auditor General is required by this Act to be laid before the House of Commons, and
 
    (b) it is not laid by the Treasury within the time allowed by this Act.
      (2) The Comptroller and Auditor General shall lay the report before the House of Commons as soon as possible.
 
      (3) Section 32 of the Exchequer and Audit Departments Act 1866 (reports of the Comptroller and Auditor General) shall cease to have effect.
 
 
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