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11.—(1) The New Towns Act 1981(1) is amended as follows.
(2) After section 67(1) (accounts of the Commission for the New Towns, etc)(2) insert—
“(1A) The Commission shall send a copy of its accounts prepared under subsection (1) in respect of each financial year ending on or after 31st March 2005 to the Comptroller and Auditor General as soon as reasonably practicable after the end of the financial year to which the accounts relate.”.
(3) In section 68 (audit of accounts of the Commission for the New Towns, etc)—
(a)in subsection (1) for “and” substitute “in respect of each financial year ending on or before 31st March 2004 and the accounts”, and
(b)after subsection (2)(3) insert—
“(2A) The Comptroller and Auditor General shall examine, certify and report on the accounts of the Commission in respect of financial years ending on or after 31st March 2005.”.
(4) In section 70 (annual reports of the Commission for the New Towns, etc)—
(a)in paragraph (a), after “for that year” insert “(including, for each year in respect of which the Comptroller and Auditor General is the auditor, his report on the accounts)”, and
(b)after “every such report” insert “of the Commission or of a development corporation”.
Section 67(1) was amended by the New Towns and Urban Development Corporations Act 1985 (c. 5), section 9(a).
Subsection (2) was substituted by S.I. 1991/1997, reg. 2, Schedule, paragraph 41.
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