Valid from 21/12/2013
24Development of assetsS
This section has no associated Explanatory Notes
After section 50 of the 2002 Act there is inserted—
“50ADevelopment of assets
(1)So far as it considers is not inconsistent with the economic, efficient and effective exercise of its functions, Scottish Water must take reasonable steps to develop the commercial value of its assets and expertise.
(2)In complying with subsection (1), Scottish Water must have regard to any guidance for the time being issued by the Scottish Ministers.
(3)In this section, “assets” means property, rights and other assets (whether tangible or intangible).”.