New Towns (Scotland) Act 1977

1 Revocation or variation of orders relating to new towns.

(1) If the Secretary of State is satisfied, after consultation with any local authorities who appear to him to be concerned, that it is expedient that the development of a new town should not be proceeded with, he may, within five years from the making of an order under section 1 of the [1968 c. 16.] New Towns (Scotland) Act 1968, make an order—

(a) revoking the order made under the said section 1;

(b) revoking or varying any order in relation to the new town made under section 2 or 5(1) of the said Act of 1968 ;

(c) making provision for the transfer of all interests in property, heritable or moveable, held by the development corporation for the new town, and all rights, liabilities and obligations of the corporation to which the corporation were entitled or subject, to such winding up body within the meaning of subsection (2) below, as may be specified in the order.

(2) In this Act, " winding up body" means a development corporation or other statutory body.

(3) An order under this section shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament, and may at any time be varied by a subsequent order made by the Secretary of State in like manner.