Part XVIC2C3C4C5C6C7 Urban Development

Annotations:
Modifications etc. (not altering text)
C2

Pt. 16 (ss. 134-172) extended (1.3.1996) by 1995 c. 45, s. 16(1), Sch. 4 para. 2(1)(xxviii); S.I. 1996/218, art. 2

Pt. 16 (ss. 134-172) applied (27.5.1997) by 1997 c. 8, ss. 116(3)(a), 278(2)

C6

Pt. 16 amended by S.I. 1988/900, art. 2

C7

Pt. 12 (ss. 102–111), Pt. 16 (ss. 134–172) extended by Electricity Act 1989 (c. 29, SIF 44:1), s. 112(1), Sch. 16 para. 1(1)(xxxiv) (with s. 112(3), Sch. 17 paras. 33, 35(1))

Transfer of corporations’ undertakings

C1165 Power to transfer undertaking.

1

Subject to this section, an urban development corporation may, by an agreement made with any local authority F1or other body or any statutory undertakers and approved by the Secretary of State with the Treasury’s concurrence:—

a

transfer to the local authority F1or other body the whole or any part of the corporation’s undertaking, or

b

transfer to the statutory undertakers the whole or any part of the corporation’s undertaking which consists of a statutory undertaking,

upon such terms as may be prescribed by the agreement.

2

Subsection (1) above is without prejudice to the powers of an urban development corporation under this Act to dispose of any of its property, including any trade or business carried on by it.

F23

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4

Before approving an agreement under this section the Secretary of State shall consult each local authority in whose area all or part of the urban development area is situated (except, in the case of an agreement made with such an authority, the authority with whom it is made).

5

Before approving an agreement under this section for the transfer of a statutory undertaking, the Secretary of State shall publish in the London Gazette (or, in the case of an urban development area in Scotland, the Edinburgh Gazette) and in one or more newspapers circulating in the urban development area, a notice stating that the agreement has been submitted for approval and describing the general effect of the agreement.

6

If within 28 days from publication of the notice in the London Gazette or Edinburgh Gazette in accordance with subsection (5) above any objection to the agreement is made by any statutory undertakers who, within the urban development area or any area adjacent to it, are carrying on or authorised to carry on a statutory undertaking similar to that proposed to be transferred by the agreement, subsection (1) above shall apply in relation to the agreement as if for the reference to the Secretary of State there were substituted a reference to him and the appropriate Minister.

7

If the Secretary of State is satisfied that it is expedient, having regard to any agreement made or proposed to be made under this section, that the liability of the urban development corporation in respect of advances made to it by the Secretary of State under this Part of this Act should be reduced, he may, by order made with the consent of the Treasury, reduce that liability to such extent as may be specified in the order.

8

An order under subsection (7) above shall be of no effect until it is approved by a resolution of the House of Commons.

9

The following are local authorities for the purposes of this section F3and F4sections 165A to 166 below, namely—

a

(in the application of F5the sections to England F6. . .) a county council, a district council, a London borough council, F7 and the Common Council of the City of London;

F8aa

(in the application of the sections to Wales) a county council or county borough council;

b

(in the application of F5the sections to Scotland) F9any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994 other than the councils for Orkney Island, Shetland Island and Western Isles.