SCHEDULES

SCHEDULE 31 Urban Development Corporations: Finance etc.

Part III General Accounts etc.

Reports

13

1

As soon as possible after the end of each financial year, a corporation shall make to the Secretary of State a report dealing generally with the corporation’s operations during the year, and shall include in the report a copy of its audited statement of accounts of that year.

2

Without prejudice to the generality of sub-paragraph (1) above, a report under this paragraph shall deal with the operation during the year of the corporation’s arrangements for consultation about the exercise of its powers with local authorities the whole or any part of whose area is included in the urban development area.

F13

The Secretary of State shall lay before each House of Parliament—

a

a copy of the report under this paragraph, and

b

in the case of a corporation whose accounts and statement of accounts have been audited under paragraph F210B(2), a copy of the report sent to him under paragraph 12(a).