The Nuclear Industry (Finance) Act 1977 (c. 7) is an act of the Parliament of the United Kingdom. Its effect was to amend the financial provision for three of the United Kingdom's nuclear organisations.
Provisions Its long title is: An Act to make further financial provision for and in respect of British Nuclear Fuels Limited, The Radio-chemical Centre Limited and the National Nuclear Corporation Limited.
It received royal assent on 30 March 1977.
The act comprises four sections:
Section 1. Government guarantee of companies' borrowing, etc. Section 2. Financial limits. Section 3. National Nuclear Corporation Limited. Section 4. Citation.
Effects The financial limits for British Nuclear Fuels Limited (BNFL) was £300 million, but could be increased to not exceeding £500 million The financial limits for The Radio-chemical Centre Limited (TRCL) was £5 million but could be increased to not exceeding £15 million.
The act has subsequently been amended.
See also Atomic Energy Authority Act Atomic Energy Research Establishment
Notes
References
External links