Part 8: Other Enterprise-Related Provisions UK Green Investment Bank Section 38: UK Green Investment Bank: transitional provision
This section contains transitional provisions.
	Section 38(1) provides that regulations bringing section 37 into force may not be made unless the Secretary of State has made a decision to undertake a disposal of shares held by the Crown in a UK Green Investment Bank company, and has laid before Parliament a report on the proposed disposal(s) including the kind of disposal intended, the expected time-scale for the disposal, and the Secretary of State’s objectives for the disposal. Section 38(2) and 38(3) defines what is meant by a UK Green Investment Bank company in this section.