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(1)The Secretary of State may by order make provision for the transfer of all functions, property, rights and liabilities of the Passenger Transport Executive for any passenger transport area specified in the order to the Passenger Transport Authority for that area.
(2)An order under this section may contain such supplementary, incidental and consequential provisions as may appear to the Secretary of State to be necessary or expedient.
(3)Without prejudice to the generality of subsection (2) above, any such order may, in particular—
(a)provide for enactments relating to the functions of Passenger Transport Executives and Authorities respectively to have effect in relation to the passenger transport area specified in the order with such modifications as may be so specified ; and
(b)provide for the dissolution of the Passenger Transport Executive for that area.
(4)The property, rights and liabilities to which an order under this section relates shall, subject to subsection (5) below, be transferred and vest in accordance with the order on such date as may be appointed by the order for that purpose.
(5)Subject to the following provisions of this section, Schedule 4 to the 1968 Act shall apply to any transfer under subsection (4) above; and subsection (4) above shall have effect subject to the provisions of that Schedule.
(6)In Schedule 4 as it applies by virtue of subsection (5) above—
(a)any reference to a transfer by or a vesting by virtue of that Act shall be read as a reference to a transfer by or a vesting by virtue of the order ; and
(b)the reference in paragraph 13(5) to the relevant provisions of that Act shall be read as including a reference to the relevant provisions of this Act.
(7)Any order under this section may make modifications in Schedule 4 for the purposes of its application to a transfer effected by that order.
(8)No order shall be made under this section unless a draft of the order has been laid before, and approved by a resolution of, each House of Parliament.
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