PART IIIOBJECT AND POWERS OF THE CORPORATION

Miscellaneous powers

Power to provide financial assistance12

1

F1The Department may, provide financial assistance for any body or person doing or intending to do in the designated area anything falling within paragraph (2).

2

Financial assistance under paragraph (1) may be provided for—

a

the promotion, development or regeneration of commercial, industrial or other economic activity;

b

the improvement of the environment;

c

the provision of housing;

d

the provision of social, cultural, recreational or community facilities;

e

the refurbishment or restructuring of buildings;

f

any thing not falling within sub‐paragraphs ( a ) to ( e ) which the F2Department considers will benefit the designated area.

3

Financial assistance under paragraph (1) may include—

a

grants;

b

loans;

c

guarantees;

d

the taking of any interest in property or in a body corporate.

4

Article 4 of the Social Need (Northern Ireland) Order 1986F3 shall apply to financial assistance under this Article as it applies to financial assistance under Article 3 of that Order, F4. . .

Agreements for development of land13

The F5Department may—

a

enter into an agreement with any person to develop any land in the designated area, whether or not the F6Department has any estate in that land; and

b

do anything which is required in order to develop that land in accordance with such agreement.

Agency agreements with Departments and other public bodies for execution of works14

1

Where under any statutory provision powers are conferred on a relevant body to execute any works (of whatever kind and for whatever purpose)—

a

that body and the F7Department may enter into an agreement that the powers shall, to such extent and subject to such conditions as the agreement may specify, be exercised in the designated area by the F7Department on behalf of that body; and

b

the F8Department shall have power to execute those works in that area and otherwise to carry any such agreement into effect.

2

Nothing in any agreement under paragraph (1) shall authorise or empower a relevant body or the F9Department on behalf of that body to execute the works in question otherwise than in accordance with, and subject to, any statutory provision conferring, or relating to, the power to execute the works; and references to the relevant body in any such statutory provision shall for the purposes of the execution of any such works be construed as including references to the F9Department .

3

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

In this Article “relevant body”” means—

a

a Northern Ireland Department;

b

the Northern Ireland Housing Executive;

c

the Northern Ireland Railways Company Limited;

d

the Belfast City Council;

e

the Belfast Harbour Commissioners;

f

any other body (being a body established under a statutory provision) specified for the purposes of this Article by an order made by the Department.

F11Studies, etc. for purposes of this Order15

The Department may carry out or give financial assistance towards the carrying out of such studies, investigations and research as the Department considers will further its object under this Order.

F12Consultation with the Department of the Environment on planning matters16

Where under the Planning (Northern Ireland) Order 1991, the Department of the Environment is required to consult with the Belfast City Council about any matter relating to or affecting the designated area or land in that area, that department shall also consult with the Department about that matter.