Scottish Water (Rate of Return) (Scotland) Order 2002 (S.S.I. No. 165 of 2002)

The Scottish Water (Rate of Return) (Scotland) Order 2002 file:///D/HTML/uk33830.htm[16.01.2025 11:37:48] Scottish Statutory Instrument 2002 No. 165 The Scottish Water (Rate of Return) (Scotland) Order 2002 © Crown Copyright 2002 The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users. It should be noted that the right to reproduce the text of Scottish Statutory Instruments does not extend to the Royal Arms and the Queen's Printer for Scotland imprints. The text of this Internet version of the Scottish Statutory Instrument has been prepared to reflect the text as it was Made. The authoritative version is the Queen's Printer for Scotland copy published by The Stationery Office Limited as the The Scottish Water (Rate of Return) (Scotland) Order 2002, ISBN 0 11061339 2. Purchase this item. For details of how to obtain an official copy see How to obtain The Stationery Office Limited titles. To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available. SCOTTISH STATUTORY INSTRUMENT 2002 No. 165 WATER SUPPLY The Scottish Water (Rate of Return) (Scotland) Order 2002 Made 27th March 2002 Laid before the Scottish Parliament 28th March 2002 Coming into force 1st April 2002 The Scottish Ministers, in the exercise of the powers conferred by section 41(2) of the Water Industry (Scotland) Act 2002[1] and of all other powers enabling them in that behalf, hereby make the following Order: Citation and commencement 1. This Order may be cited as the Scottish Water (Rate of Return) (Scotland) Order 2002, and shall come into force on 1st April 2002. Interpretation 2. In this Order "the Act" means the Water Industry (Scotland) Act 2002; http://www.scotland-legislation.hmso.gov.uk/bookstore.htm?AF=A10075&FO=38383&ACTION=AddItem&ProductID=0110613392 http://www.scotland-legislation.hmso.gov.uk/bookstore.htm?AF=A10075&FO=38383&ACTION=AddItem&ProductID=0110613392 http://www.the-stationery-office.co.uk/howtoorder.htm http://www.the-stationery-office.co.uk/howtoorder.htm http://www.scotland-legislation.hmso.gov.uk/legislation/scotland/ssi2002/20020165.htm#note1 The Scottish Water (Rate of Return) (Scotland) Order 2002 file:///D/HTML/uk33830.htm[16.01.2025 11:37:48] Other Scottish Statutory Instruments | UK Statutory Instruments | Home | Her Majesty's Stationery Office "accounts direction" means a direction given under section 45(2) of the Act. Value of net assets 3. The value of Scottish Water's average net assets for the financial year beginning with 1st April 2002 shall, for the purposes of section 41 of the Act, be the aggregate of (a) the deemed value of its capital at the beginning of that year (as shown in the statement of accounts prepared by Scottish Water under section 45 of the Act); and (b) the average level of investment by Scottish Water in net operating assets during that year. Return on value of net assets 4. - (1) The Scottish Ministers hereby direct Scottish Water to exercise its functions during the financial year beginning with 1st April 2002 with a view to securing that it achieves in respect of that year a rate of return on the value of its average net assets for that year which is not less that that specified in paragraph (2) below. (2) 6% is hereby specified as the rate of return which the Scottish Ministers consider it reasonable for Scottish Water to achieve on the value of its average net assets for the financial year beginning with 1st April 2002. ROSS FINNIE A member of the Scottish Executive St Andrew's House, Edinburgh 27th March 2002 EXPLANATORY NOTE (This note is not part of the Order) Responsibility for the provision of water and sewerage services in Scotland will on 1st April 2002 transfer from the new water and sewerage authorities to Scottish Water established under the Water Industry (Scotland) Act 2002. This Order makes provision as to the rate of return on the value of its average net assets which Scottish Water requires to achieve for the financial year beginning with 1st April 2002. Notes: [1] 2002 asp 3.back ISBN 0 11061339 2 http://www.scotland-legislation.hmso.gov.uk/legislation/scotland/s-stat.htm http://www.scotland-legislation.hmso.gov.uk/legislation/scotland/s-stat.htm http://www.legislation.hmso.gov.uk/stat.htm http://www.legislation.hmso.gov.uk/stat.htm http://www.scotland-legislation.hmso.gov.uk/ http://www.hmso.gov.uk/ http://www.scotland-legislation.hmso.gov.uk/legislation/scotland/ssi2002/20020165.htm#n1 The Scottish Water (Rate of Return) (Scotland) Order 2002 file:///D/HTML/uk33830.htm[16.01.2025 11:37:48] We welcome your comments on this site © Crown copyright 2002 Prepared 16 April 2002 http://www.hmso.gov.uk/hmsoform.htm