- Latest available (Revised)
- Point in Time (01/10/2004)
- Original (As enacted)
Version Superseded: 01/04/2009
Point in time view as at 01/10/2004.
New Towns Act 1981, Paragraph 7 is up to date with all changes known to be in force on or before 17 September 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 and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
[F17(1)If at any time it appears to the Secretary of State that the purposes for which the Commission exists under this Act have been substantially achieved, he may, by order, on such day as he may appoint—E+W
(a)terminate the exercise by the Commission of its functions except for the purposes of winding-up its affairs;
(b)vest in himself, any other Minister of the Crown or any accountable public authority any property, rights, liabilities or obligations of the Commission;
(c)extinguish any liability of the Commission in respect of money lent or advanced at any time by the Secretary of State to any development corporation or to the Commission;
(d)dissolve the Commission.
(2)Different days may be appointed for different purposes of this paragraph.
[F2(2A)Any order under this paragraph may—
(a)establish new bodies corporate to receive any property, rights, liabilities or obligations vested by an order under this paragraph;
(b)amend, repeal or otherwise modify any enactment for the purpose of enabling any body established under any enactment to receive such property, rights, liabilities or obligations.]
(3)Any order under this paragraph may include such incidental, supplemental, consequential or transitional provisions as the Secretary of State thinks fit, including [F3provisions amending, repealing or otherwise modifying any enactment.].
(4)Any sums arising out of the vesting of property or out of property vested in a Minister of the Crown by an order under this paragraph shall be paid into the Consolidated Fund and any sums required to meet any liabilities assumed or incurred by a Minister of the Crown or to defray any expenditure of his in connection with the management of property so vested in him shall be paid out of money provided by Parliament.
(5)No order containing provision for the purpose specified in sub-paragraph (1)(c) above shall be made without the consent of the Treasury; but if such provision is made the assets of the National Loans Fund shall be reduced by the aggregate amount by which the liabilities of the Commission are thereby reduced.
(6)No order under this paragraph containing provision for the purpose specified in sub-paragraph (1)(a) or (c) above shall be made unless a draft of it has been laid before Parliament and approved by resolution of each House.
[F4(7)In this paragraph—
“accountable public authority” means a body established under this paragraph or any other enactment;
“enactment” includes any instrument made under any enactment.]]
Textual Amendments
F1Para. 7 and heading added by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 2
F2Sch. 9 para. 7(2A) inserted (24.9.1996) by 1996 c. 53, ss. 145(2), 150(2)
F3Words in Sch. 9 para. 7(3) substituted (24.9.1996) by 1996 c. 53, ss. 145(3), 150(2)
F4Sch. 9 para. 7(7) substituted (24.9.1996) by 1996 c. 53, ss. 145(4), 150(2)
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: