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3.—(1) In relation to a locally-led new town, the oversight authority for the new town is to exercise the functions of the Secretary of State under the following provisions of the 1981 Act—
(a)section 4(4) (objects and general powers of development corporations);
(b)section 5(2) and (3) (restrictions on powers of development corporations)(1);
(c)section 7(1) (planning control);
(d)section 10(1) or (3) (acquisition of land by development corporations) excluding the function of confirming an order in accordance with Schedule 4 to the 1981 Act, which remains with the Secretary of State;
(e)section 17(2) (conditions as to disposal);
(f)section 59 (other borrowing powers of development corporations);
(g)section 71 (information);
(h)section 73(2) (rights of entry);
(i)paragraph 1 of Schedule 2 (disposal of land); and
(j)Schedule 3 (constitution and proceedings of development corporation),
(2) So far as is necessary for the purposes of or in consequence of paragraph (1), the provisions mentioned in paragraph (1) have effect as if references to the Secretary of State in those provisions were references to the oversight authority.
1981 c. 64. Section 5 was amended by Schedule 4 to the New Towns and Urban Development Corporations Act 1985 (c. 5) and paragraph 64 of Schedule 25 to the Water Act 1989 (c. 15); section 17(2) was amended by Schedule 3 to the New Towns and Urban Development Corporations Act 1985; section 59 was amended by Schedule 5 to the Housing and Regeneration Act 2008 (c. 17) (“the 2008 Act”) and article 4 of S.I. 2011/1043; section 71 was amended by Schedule 5 to the 2008 Act; paragraph 1 of Schedule 2 was amended by Schedule 3 to the New Towns and Urban Development Corporations Act 1985; paragraph 5 of Schedule 3 was amended by S.I. 2012/2404, and section 17(2) was amended by Schedule 5 to the 2008 Act.
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