31 Establishment and maintenance of the Account
Energy Act 2004 (2004 c 20) | Legislation

Nuclear Decommissioning Funding Account

31  Establishment and maintenance of the Account

(1)     For the purpose of ensuring transparency as respects the funding of the carrying out of the NDA's functions, it shall be the duty of the Secretary of State to establish and maintain an account (to be known as the “Nuclear Decommissioning Funding Account”).

(2)     The Account, when first established, is to have an opening balance of such amount as the Secretary of State may determine.

(3)     Every amount paid to the NDA by way of grant under section 22(1) must be shown in the Account as a debit.

(4)     The following amounts are to be shown in the Account as credits—

(a)     every amount received by the Secretary of State in pursuance

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