Part IV
manner and over such period and with interest thereon at such rate as the Treasury may determine; and any sums received by the Treasury under this subsection shall be paid into the Consolidated Fund.
(9) An order shall not be made under this section unless a draft of the order has been laid before the House of Commons and approved by a resolution of that House.
(10) References in this section to the borrowing of any sum under subsection (1) above, the giving of a guarantee under subsection (4) above, or the issuing of any sum out of the Consolidated Fund under subsection (6) above shall, in relation to any time before the commencement of this Act, include references to the borrowing of any sum, the giving of a guarantee or the issuing of any sum out of that Fund under subsection (1), (4) or, as the case may be, (6) of section 3 of the 1978 c. 8.Civil Aviation Act 1978.
Accounts of the Fund. 35. The Secretary of State shall prepare accounts of the Aviation Security Fund in such form as the Treasury may direct and shall send them to the Comptroller and Auditor General not later than the end of the month of November following the end of the financial year to which the accounts relate; and the Comptroller and Auditor General shall examine and certify every such account and shall lay copies thereof, together with his report thereon, before Parliament.
Power to wind up the Fund. 36.—(1) The Secretary of State may at any time by order provide for the winding up of the Aviation Security Fund and, on the completion of the winding up, for the return to each manager of an aerodrome by whom contributions have been made to the Fund of a share of the net assets standing to the credit of the Fund which bears the same proportion to those assets as the manager’s contributions to the Fund in the last twelve months during which contributions were made to the Fund bear to the total contributions made by managers of aerodromes to the Fund during those twelve months.
(2) On such day as is declared by the Secretary of State by order to be that on which the winding up was completed sections 32(1), (5), (6) and (7) and 33 of this Act shall cease to have effect, and as from that day subsections (2) and (4) of section 32 of this Act shall have effect as if—
- (a) all payments under those subsections fell to be defrayed out of money provided by Parliament, instead of out of the Aviation Security Fund; and
- (b) the consent of the Treasury were required for all such payments.
