The Water and Sewerage Authorities (Rate of Return) (Scotland) Order 1996
Responsibility for the provision of water and sewerage services in Scotland will on 1st April 1996 transfer from local authorities to three new water and sewerage authorities, established under the Local Government etc. (Scotland) Act 1994. This Order makes provision as to the rate of return on the value of their assets which these three authorities require to achieve from financial year 1996/97 onwards.