Part 2Carbon dioxide capture, storage etc and hydrogen production, transport and storage
Chapter 1Revenue support contracts
General provision about counterparties
I182Application of sums held by a revenue support counterparty
1
Revenue support regulations may make provision for apportioning sums—
a
received by a revenue support counterparty from a hydrogen levy administrator under provision made by virtue of section 70, or
b
received by a revenue support counterparty under a revenue support contract,
in circumstances where the revenue support counterparty is unable to fully meet its liabilities under a revenue support contract.
2
The provision that may be made by virtue of subsection (1) includes provision about the meaning of “unable to fully meet its liabilities under a revenue support contract”.
3
In making provision by virtue of subsection (1), the Secretary of State must have regard to the principle that sums should be apportioned in proportion to the amounts that are owed.
4
Revenue support regulations may make provision about the application of sums held by a revenue support counterparty.
5
The provision that may be made by virtue of subsection (4) includes provision that sums are to be paid, or not to be paid, into the Consolidated Fund.