Moved by
Lord Greaves
140: After Clause 6, insert the following new Clause—
“Financial assistance to be provided on the basis of public funds for public goods
(1) Financial assistance under this Chapter may only be provided if it is in accordance with the rule “public funds for public goods”.
(2) The rule referred to in subsection (1) is to be provided for in regulations made by the Secretary of State.
(3) Regulations made under this section are subject to affirmative resolution procedure.”
Member’s explanatory statement
This new Clause would require that the meaning of public goods for the purpose of this legislation is set out and agreed by Parliament and provides a clear basis for the provision of financial assistance.