The Crown Commercial Service Trading Fund Order 2019
| Jurisdiction | UK Non-devolved |
| Citation | SI 2019/402 |
2019 No. 402
Government Trading Funds
The Crown Commercial Service Trading Fund Order 2019
Made 28th February 2019
Laid before the House of Commons 28th February 2019
Coming into force 1st April 2019
The Crown Commercial Service Trading Fund was originally1established under the Government Trading Funds Act 1973 (“the 1973 Act”)2by the Buying Agency Trading Fund Order 1991(“the 1991 Order”)3with effect from 1st April 1991.
The Minister for the Cabinet Office makes the following Order with the concurrence of the Treasury and in exercise of the powers conferred by sections 1(1) and (7) and 2(5) and (7) of the 1973 Act:
Citation and commencement
1. This Order may be cited as the Crown Commercial Service Trading Fund Order 2019 and comes into force on 1st April 2019.
Assets and liabilities of the Fund
2. The Crown assets consisting of machinery, equipment and oil stocks, comprising the Whitehall District Heating System and the Whitehall Standby Distribution System and Crown liabilities comprising creditors and accruals in relation to those Crown assets cease to be assets and liabilities of the Crown Commercial Service Trading Fund.
Revocation of appropriation Order
3. The OGCbuying.solutions Trading Fund (Appropriation of Additional Assets and Liabilities) Order 20044is revoked.
David Lidington
Minister for the Cabinet Office
Cabinet Office
28th February 2019
Paul Maynard
Jeremy Quin
Two of the Lords Commissioners of Her Majesty’s Treasury
27th February 2019
EXPLANATORY NOTE
(This note is not part of the Order)
The Crown Commercial Service Trading Fund (“the Fund”) is the current name of the Fund which was established with effect from 1st April 1991 under the Government Trading Fund Act 1973.
The OGCbuying.solutions Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2004 ( S.I. 2004/3277) provided that the Crown assets consisting of machinery, equipment and oil stocks, comprising the Whitehall District Heating System and the Whitehall Standby Distribution System and Crown liabilities comprising creditors and accruals in relation to those Crown assets (“the Whitehall Systems”) should be appropriated to the Fund.
In preparation for the transfer of responsibility for the Whitehall Systems to the Government Property Agency, which is an executive agency of the Cabinet Office, the Minister for the...
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