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New Towns Act 1981
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Changes over time for: Section 67
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New Towns Act 1981, Section 67 is up to date with all changes known to be in force on or before 27 December 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.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Section 67:
- 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)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- 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)
67 Accounts of F1... development corporations.E+W
(1)F2... every development corporation—
(a)shall keep proper accounts and other records in relation to those accounts, and
[F3(b)shall F4... prepare in respect of each financial year annual accounts in such form as the Secretary of State may with the Treasury’s approval direct, F5... ]
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F6(1A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)The financial year F7... of every development corporation shall begin with 1st April [F8but, if the Secretary of State, with the approval of the Treasury, so directs in a case where a development corporation F9... is to be dissolved, the final financial year of the corporation F9... shall be such period as is specified in the direction, and references in this Act to a financial year in relation to a development corporation F9... shall be construed accordingly.]
(3)Without prejudice to the generality of subsection (1) above, the Secretary of State may, with the Treasury’s approval, give directions to F10... a development corporation as to—
(a)the kind or number of accounts which [F11it is] to keep.
(b)the amounts which are or are not to be credited or debited to any account,
(c)the manner of rectifying any account,
(d)provision for working balances,
and any such direction may be a general direction or a direction for a particular case.
Textual Amendments
F1Words in s. 67 heading repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(2), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F2Words in s. 67(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(3)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F3S. 67(1)(b) substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 9(a)
F4Word in s. 67(1)(b) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(3)(b), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F5Words in s. 67(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(3)(c), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F6S. 67(1A) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(4), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F7Words in s. 67(2) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(5)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F8Words substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 9(b)
F9Words in s. 67(2) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(5)(b), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F10Words in s. 67(3) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(6)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F11Words in s. 67(3)(a) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(6)(b); S.I. 2009/803, art. 3(1)
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