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(1)Subject to the provisions of Schedule 18 to this Act, all functions relating to transport under the enactments specified in that Schedule shall be exercised by regional or islands councils and those enactments shall have effect subject to the amendments specified in that Schedule.
(2)The Strathclyde Regional Council shall be the Passenger Transport Authority for the Greater Glasgow Passenger Transport Area for the purposes of Part II of the [1968 c. 73.] Transport Act 1968, and accordingly the Greater Glasgow Passenger Transport Authority established by virtue of the said Part II is hereby dissolved and its property and functions transferred to the Strathclyde Regional Council.
(3)In consequence of subsection (2) above, the Secretary of State may by order amend any local enactment or any order made under Part II of the said Act of 1968 or any provision of the said Part II in its application to the Greater Glasgow Passenger Transport Area, being an area which has been designated for the purposes of that Part by an order under section 9(1) of that Act, and a statutory instrument containing such an order shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4)References in this section to the Greater Glasgow Passenger Transport Area and the Greater Glasgow Passenger Transport Authority include references to that Area or Authority as varied by an order made under section 9 of the said Act of 1968.
(5)In section 16(1) of the [1970 c. 24.] Finance Act 1970 (exclusion of amounts precepted under section 13 of the [1968 c. 73.] Transport Act 1968 and certain grants in computing profits chargeable to corporation tax of a Passenger Transport Executive), for paragraph (a) there shall be substituted the following paragraph—
“(a)any grants made to Passenger Transport Executives under section 13 of the Transport Act 1968;”.
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