Atomic Energy Authority Act 1986

In 1984 the Secretary of State for Energy instigated a review of the UKAEA. This established that about half of the UKAEA's annual expenditure of £400 million was grant-in-aid from the Department of Energy. The remainder was from contract work from the electricity supply industry, BNFL and others. The review recommended that the Authority should be operated on a fully commercial basis and that more work should be funded by the nuclear industry. The Act made the net assets of the Authority a debt due to the Secretary of State. The Authority was empowered to borrow up to £150 million, or £200 million with the consent of the Secretary of State. == Provisions ==

The act comprised ten sections in three parts: '''The authority's finances''' 1. Commencing capital debt 2. Borrowing powers 3. Limit on borrowing 4. Loans from the Secretary of State 5. Treasury guarantees Other provisions relating to the authority 6. Supervisory powers of Secretary of State 7. Remuneration and compensation of members of the Authority 8. Powers of Authority with respect to exploitation of results of research General 9. Interpretation 10. Short title, commencement and extent == See also ==