Moved by
Lord Young of Cookham
9: Clause 2, page 2, line 23, at end insert—
“30ZA Annual report of public operator liabilities
(1) The Secretary of State must lay before Parliament, within six months of the day on which this Act comes into force, and on each anniversary of that date thereafter, a report on the public sector financial liabilities arising from the award of public service contracts to public sector companies under subsection 30(1A).
(2) The report published under subsection (1) must include details of rolling stock leasing liabilities.”
Member's explanatory statement
This amendment would require the Secretary of State to publish an annual report examining the impact of train company rolling stock liabilities transferring into the public sector.