Sections 26-28: Provisions relating more than one scheme Section 29: Distribution of dormant assets money for meeting English expenditure
This section amends the approach in the 2008 Act for distributing dormant assets money in England. It enables the Secretary of State to make secondary legislation determining the types of social and environmental purposes to which funding can be distributed in England.
	Subsection (1) inserts a new section 18A into the 2008 Act, which provides the Secretary of State with the power to restrict the particular purposes or people for which dormant assets money (which includes money from unwanted assets) in England can be distributed. This is in line with the powers that the devolved administrations have for their respective nations under sections 19-21 of the 2008 Act.
	Subsection (4) of this section and subsection (2) of the new 18A provide that an order may make transitional or saving provisions, for example to honour any outstanding funding commitments made under section 18 of the 2008 Act.
	Subsection (3) of the new 18A includes a statutory requirement for the Secretary of State to consult with the public on the social or environmental purposes of the English portion of funds before making an order. The Secretary of State must then consult with TNLCF on a draft of the order, and the draft order must be approved by both Houses of Parliament before it can be made.
	Subsection (4) also requires the Secretary of State, in the first public consultation under this section, to consult on whether distributions of dormant assets funding in England should include any one or more of the following: youth, financial inclusion, social investment wholesalers, and community wealth funds. This does not preclude the Secretary of State from including any other additional purpose in the consultation.
	Section 18 of the 2008 Act, which makes restrictions on English distributions in primary legislation, will be repealed on the day that the first order made under section 18A comes into force.
	The restrictions of youth, financial inclusion, and social investment wholesalers specified by the 2008 Act will remain in place until or unless new secondary legislation comes into force. From that day, the restrictions on distributions in England will be specified in secondary - rather than primary - legislation.