The Strategic Investment and Regeneration of Sites (Northern Ireland) Order 2003PART IINTRODUCTORY1Title and commencement2InterpretationPART IIEXERCISE BY DESIGNATED COMPANY OF STRATEGIC INVESTMENT FUNCTIONS3Strategic investment functions4Power of Office to arrange for formation of a company5Designation of company to exercise strategic investment functions6Funding of designated company7Exercise of strategic investment functions by designated company8Duty on statutory bodies in relation to designated companyPART IIIREGENERATION OF SITESThe relevant sites9The relevant sitesFunctions of the Office in relation to relevant sites10Disposal of relevant sites by the responsible department11Regeneration of relevant sites by the responsible department12Acquisition of land by the responsible department13Agreements and consultation with other bodies and persons14Powers of Office not exercisable where development corporation establishedRegeneration of relevant sites by development corporations15Power to establish development corporations for relevant sites16Object and general powers of development corporations17Special provision concerning powers of development corporation18Financial assistance by development corporation19Directions to development corporation by the responsible department20Land: transfer to, and acquisition of land by, development corporation21Land: disposal or transfer of land held by development corporation22Agreements and arrangements with other bodies and persons23Exercise of other statutory powers in relation to site of development corporation24Duty on public bodies to co-operate with and facilitate development corporation25Consultation26Power to dissolve a development corporation27Orders under this PartSCHEDULESSCHEDULE 1DEVELOPMENT CORPORATIONSStatus1(1) A development corporation shall not be regarded – Membership, chairman, etc.2(1) A development corporation shall consist of – Tenure of office3(1) Subject to the provisions of this Schedule, a member...Remuneration, etc. of members4(1) A development corporation shall pay to its members such...Staff, etc.5(1) A development corporation shall have – 6(1) A development corporation may make arrangements with a Northern...7(1) A development corporation shall pay to its employees such...Committees8(1) A development corporation may establish committees. Delegation to committees and staff9(1) A development corporation may, to such extent as it...Proceedings10(1) Subject to the following provisions of this paragraph and...11(1) A member who is in any way, directly or...12The validity of any proceedings of a development corporation, or...Application of seal and evidence13The application of the seal of a development corporation shall...14A document purporting to be – (a) duly executed by...15Any contract or instrument which if entered into or executed...Finance16(1) The responsible department may make payments to a development...17(1) A development corporation shall – (a) keep proper accounts...18(1) After consultation with a development corporation, the responsible department...Annual report19(1) As soon as practicable after the end of each...Information20A development corporation shall – (a) provide the responsible department...The Commissioner for Complaints (Northern Ireland) Order 1996 (NI. 7)21In Schedule 2 to the Commissioner for Complaints (Northern Ireland)...The Northern Ireland Assembly Disqualification Act 1975 (c. 25)22In Part II of Schedule 1 to the Northern Ireland...The Freedom of Information Act 2000 (c. 36)23In Part VII of Schedule 1 to the Freedom of...Interpretation: “financial year” and “member”24(1) If the period beginning with the day on which...SCHEDULE 2ACQUISITION OF LANDPART IACQUISITION BY THE OFFICECompulsory acquisition: vesting orders1(1) Where the responsible department proposes to acquire land compulsorily...Compulsory acquisition: procedure, etc.2(1) Schedule 6 to the Local Government Act (Northern Ireland)...PART IIACQUISITION BY A DEVELOPMENT CORPORATIONCompulsory acquisition: vesting orders3(1) Where a development corporation proposes to acquire land compulsorily...Compulsory acquisition: procedure, etc.4(1) Schedule 6 to the Local Government Act (Northern Ireland)...PART IIIACQUISITION OF LAND: GENERAL PROVISIONSCompulsory acquisition: land belonging to statutory bodies and inalienable land5The power to make a vesting order under this Schedule...Compulsory acquisition: land of industrial undertakings6(1) Nothing in this Schedule shall authorise the acquisition of...Compulsory acquisition: land containing historic monuments or archaeological object7(1) Nothing in this Schedule shall authorise the acquisition, without...Acquisition of land: powers of entry8(1) Subject to this paragraph, a person authorised in writing...Statutory Instruments2003 No. 410 (N.I. 1)The Strategic Investment and Regeneration of Sites (Northern Ireland) Order 200327th February 2003