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Miscellaneous Financial Provisions Act 1983
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- 1983 c. 29
- Section 1
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Valid from 20/02/1999
1 The Development Commission.E+W+S
(1)There shall be a body corporate called the Development Commission.
(2)The first members of the Commission shall be the persons who, immediately before the commencement of this section, are the Development Commissioners under the M1Development and Road Improvement Funds Act 1909; and Part I of that Act shall cease to have effect.
(3)The Development Commission shall keep under review and advise the Secretary of State upon all matters relating to the economic and social development of rural areas in England and may carry out or assist others to carry out measures likely to further such development.
(4)Subject to subsections (7) and (8) below, the Commission may do anything which is conducive or incidental to the discharge of its functions and in particular (but without prejudice to the generality of the foregoing) may—
(a)make grants and loans and give guarantees and any other form of financial assistance;
(b)acquire land and other property;
(c)provide or facilitate the provision of premises for occupation by industrial or commercial undertakings;
(d)form, and hold controlling or other interests in, bodies corporate;
(e)act alone or with other persons, either in partnership or otherwise.
(5)The power of the Commission to acquire land includes power, if authorised by the Secretary of State, to purchase land compulsorily; and the M2Acquisition of Land Act 1981 shall apply to any compulsory purchase by the Commission.
(6)The Secretary of State may make to the Commission out of money provided by Parliament grants of such amount and subject to such conditions as he may, with the approval of the Treasury, think fit.
(7)The Commission shall not give financial assistance to any person except in accordance with arrangements approved by the Secretary of State and the Treasury.
(8)The Secretary of State may give the Commission general directions as to the exercise of its functions, and the Commission shall comply with any such directions.
(9)Schedule 1 to this Act shall have effect.
Modifications etc. (not altering text)
C1S. 1(3): Functions of the Secretary of State transferred (1.4.1999) to the Countryside Agency by S.I 1999/416, arts. 4, 5(4), 6 - 8
C2S. 1(3): Powers of the Secretary of State transferred (1.4.1999) to the Countryside Agency by S.I. 1999/416, arts. 5, 6 - 8
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