354Transfer of money and abolition of old fund

354 Transfer of money and abolition of old fund (1) On the specified day— (a) the amount of money specified under an Order under section 353(1) is paid out of the old fund and forms part of the general fund; and (b) all other money standing to the credit of the old fund forms part of the Consolidated Fund; and (c) the old fund is abolished. (2) In addition— (a) all amounts that are received on and after the specified day under agreements, leases or licences to which the Crown, or another person on behalf of the Crown, is a party relating to, or connected with, passenger services or other transport services that would have been payable into the old fund before its abolition must be paid into the Consolidated Fund; and (b) all amounts allocated to the Crown on andafter the specified day in accordance with any agreement referred to in section34(2A)(a) of the **Transport Integration Act 2010** that would have been payable into the old fund before its abolition must be paid into the Consolidated Fund. S. 355 inserted by No. 35/2014 s. 41.