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New Towns Act 1981
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New Towns Act 1981, Section 65 is up to date with all changes known to be in force on or before 10 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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- s. 1A(1) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(2) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(4) word inserted by 2023 c. 55 Sch. 16 para. 7(4)(b)
- s. 1A(4) words substituted by 2023 c. 55 Sch. 16 para. 7(4)(a)
- s. 1A(5)(a) words substituted by 2023 c. 55 Sch. 16 para. 7(5)(a)
- s. 1ZA 1ZB inserted by 2023 c. 55 s. 172(2)
- s. 2(1A) inserted by 2023 c. 55 Sch. 16 para. 8
- s. 3(2B)-(2D) inserted by 2023 c. 55 s. 172(3)(c)
- s. 3(2ZA)(2ZB) inserted by 2023 c. 55 s. 178(2)(b)
- s. 7A 7B inserted by 2023 c. 55 s. 175(2)
- s. 60(1A) inserted by 2023 c. 55 s. 179(2)(b)
- s. 77(3E) inserted by 2023 c. 55 Sch. 17 para. 1(3)
- Sch. 3 para. 10A 10B and cross-heading inserted by 2023 c. 55 s. 175(3)
65 Disposal of surplus funds.E+W
(1)This section applies where it appears to the Secretary of State, after consultation with the Treasury [F1and any development corporation, that the corporation has a surplus whether on capital or on revenue account after making allowance by way of transfer to reserve or otherwise for its future requirements].
(2)[F2That corporation] shall, if the Secretary of State after such consultation so directs, pay to the Secretary of State such sum not exceeding the amount of that surplus as may be specified in the direction, and any sum so received by him shall be paid into the Consolidated Fund, subject to section 66(2) below.
Textual Amendments
F1Words in s. 65(1) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 18(2); S.I. 2009/803, art. 3(1)
F2Words in s. 65(2) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 18(3); S.I. 2009/803, art. 3(1)
Modifications etc. (not altering text)
C1S. 65 modified (E.) (24.7.2018) by The New Towns Act 1981 (Local Authority Oversight) Regulations 2018 (S.I. 2018/891), regs. 1, 5(d)
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