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New Towns Act 1981
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- 1981 c. 64
- Part IV
- Payments to Secretary of...
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Changes over time for: Cross Heading: Payments to Secretary of State
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Changes to legislation:
New Towns Act 1981, Cross Heading: Payments to Secretary of State is up to date with all changes known to be in force on or before 29 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Part IV Crossheading Payments-to-secretary-of-state:
- s. 1A(1) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(2) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(4) word inserted by 2023 c. 55 Sch. 16 para. 7(4)(b)
- s. 1A(4) words substituted by 2023 c. 55 Sch. 16 para. 7(4)(a)
- s. 1A(5)(a) words substituted by 2023 c. 55 Sch. 16 para. 7(5)(a)
- s. 1ZA 1ZB inserted by 2023 c. 55 s. 172(2)
- s. 2(1A) inserted by 2023 c. 55 Sch. 16 para. 8
- s. 3(2B)-(2D) inserted by 2023 c. 55 s. 172(3)(c)
- s. 3(2ZA)(2ZB) inserted by 2023 c. 55 s. 178(2)(b)
- s. 7A 7B inserted by 2023 c. 55 s. 175(2)
- s. 60(1A) inserted by 2023 c. 55 s. 179(2)(b)
- s. 77(3E) inserted by 2023 c. 55 Sch. 17 para. 1(3)
- Sch. 3 para. 10A 10B and cross-heading inserted by 2023 c. 55 s. 175(3)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 1A(1) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(2) omitted by 2023 c. 55 Sch. 16 para. 7(3)
- s. 1A(4) word inserted by 2023 c. 55 Sch. 16 para. 7(4)(b)
- s. 1A(4) words substituted by 2023 c. 55 Sch. 16 para. 7(4)(a)
- s. 1A(5)(a) words substituted by 2023 c. 55 Sch. 16 para. 7(5)(a)
- s. 1ZA 1ZB inserted by 2023 c. 55 s. 172(2)
- s. 2(1A) inserted by 2023 c. 55 Sch. 16 para. 8
- s. 3(2B)-(2D) inserted by 2023 c. 55 s. 172(3)(c)
- s. 3(2ZA)(2ZB) inserted by 2023 c. 55 s. 178(2)(b)
- s. 7A 7B inserted by 2023 c. 55 s. 175(2)
- s. 60(1A) inserted by 2023 c. 55 s. 179(2)(b)
- s. 77(3E) inserted by 2023 c. 55 Sch. 17 para. 1(3)
- Sch. 3 para. 10A 10B and cross-heading inserted by 2023 c. 55 s. 175(3)
Payments to Secretary of StateE+W
63 Secretary of State’s general power. E+W
(1)The Secretary of State may direct a development corporation F1... to pay to him, on the date specified in the direction, such sum as is so specified, and any sum so received by him shall, subject to section 66(2) below, be paid into the Consolidated Fund.
(2)Before giving a direction under this section the Secretary of State shall consult the corporation F2....
(3)The debt shall carry interest at the rate for the time being in force under section 32 of the M1Land Compensation Act 1961 F3... from the date specified in the direction until payment.
F4(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 63(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 17(2), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F2Words in s. 63(2) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 17(3), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F3Words in s. 63(3) repealed by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(2), Sch. 4
F4S. 63(4) repealed by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(2), Sch. 4
Modifications etc. (not altering text)
C1S. 63 excluded (S.) by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(1), Sch. 3 para. 9
C2S. 63 modified (E.) (24.7.2018) by The New Towns Act 1981 (Local Authority Oversight) Regulations 2018 (S.I. 2018/891), regs. 1, 5(c)
Marginal Citations
64 Disposal of land to comply with direction under s. 63. E+W
(1)Where, in order to comply with a direction under section 63 above, the corporation . . . F5 considers it desirable to dispose of any land, it may do so by virtue of this section.
(2)The power of disposal by virtue of this section may be exercised notwithstanding [F6section 17(1) above and any implied restriction in Part I of this Act on the circumstances in which property of a development corporation may be disposed of, but otherwise must be exercised in accordance with the said Part I except that, before giving the corporation directions under section 5(2), the Secretary of State shall consult the corporation (unless he is satisfied that, on account of urgency, such consultation is impracticable].
(3)–(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7
Textual Amendments
F5Words repealed by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(1)(2), Sch. 3 para. 10(a), Sch. 4
F6Words substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(1), Sch. 3 para. 10(b)
F7S. 64(3)–(8) repealed by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(1)(2), Sch. 3 para. 10(c), Sch. 4
Modifications etc. (not altering text)
65 Disposal of surplus funds.E+W
(1)This section applies where it appears to the Secretary of State, after consultation with the Treasury [F8and any development corporation, that the corporation has a surplus whether on capital or on revenue account after making allowance by way of transfer to reserve or otherwise for its future requirements].
(2)[F9That corporation] shall, if the Secretary of State after such consultation so directs, pay to the Secretary of State such sum not exceeding the amount of that surplus as may be specified in the direction, and any sum so received by him shall be paid into the Consolidated Fund, subject to section 66(2) below.
Textual Amendments
F8Words in s. 65(1) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 18(2); S.I. 2009/803, art. 3(1)
F9Words in s. 65(2) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 18(3); S.I. 2009/803, art. 3(1)
Modifications etc. (not altering text)
C4S. 65 modified (E.) (24.7.2018) by The New Towns Act 1981 (Local Authority Oversight) Regulations 2018 (S.I. 2018/891), regs. 1, 5(d)
66 Payments under ss. 63 and 65 treated as repayments. E+W
(1)The whole or part of any payment made to the Secretary of State under section 63 or section 65 above shall, if the Secretary of State with the Treasury’s approval so determines, be treated—
[F10(a)as made by way of repayment of such part of the principal of advances under section 58(1) above, and]
(b)as made in respect of the repayments due at such times, as may be so determined.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11
(2)Any sum treated under subsection (1) as a repayment of a loan shall be paid by the Secretary of State into the National Loans Fund.
Textual Amendments
F10S. 66(1)(a) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 19; S.I. 2009/803, art. 3(1)
F11Words repealed by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(2), Sch. 4
Modifications etc. (not altering text)
C5S. 66 excluded (S.) by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 14(1), Sch. 3 para. 9
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