3The [F1Authority] shall have power to do anything which is calculated to facilitate, or is incidental or conducive to, the exercise or performance of any of its functions including, in particular, power—
(a)to acquire or dispose of land or other property;
(b)to enter into contracts;
(c)to form bodies corporate or to subscribe for shares or stock;
(d)to invest any sums not immediately required for the purpose of the discharge of its functions;
(e)to accept gifts of money, land or other property; and
(f)to borrow money.
Textual Amendments
F1Word in Sch. 2 para. 3 substituted (1.4.1994) by 1993 c. 35, s. 253, Sch. 15, para. 4(6); S.I. 1994/507, art. 4(1), Sch. 2.
4(1)The [F2Authority] shall also have power to furnish assistance, other than financial assistance, to any person or body, whether within or outside the United Kingdom.
(2)Assistance may be provided on such terms and subject to such conditions (if any) as the [F2Authority] may determine.
(3)In particular assistance may be provided free of charge or on such terms as to payment as the [F2Authority] may determine.
(4)The consent of the Secretary of State shall be required for the exercise of any power conferred by this paragraph.
Textual Amendments
F2Words in Sch. 2 para. 4 substituted (1.4.1994) by 1993 c. 35, s. 253, Sch. 15. para. 4(6); S.I. 1994/507, art. 4(1), Sch. 2.
3The [F1Authority] shall have power to do anything which is calculated to facilitate, or is incidental or conducive to, the exercise or performance of any of its functions including, in particular, power—
(a)to acquire or dispose of land or other property;
(b)to enter into contracts;
(c)to form bodies corporate or to subscribe for shares or stock;
(d)to invest any sums not immediately required for the purpose of the discharge of its functions;
(e)to accept gifts of money, land or other property; and
(f)to borrow money.
Textual Amendments
F1Word in Sch. 2 para. 3 substituted (1.4.1994) by 1993 c. 35, s. 253, Sch. 15, para. 4(6); S.I. 1994/507, art. 4(1), Sch. 2.
4(1)The [F2Authority] shall also have power to furnish assistance, other than financial assistance, to any person or body, whether within or outside the United Kingdom.
(2)Assistance may be provided on such terms and subject to such conditions (if any) as the [F2Authority] may determine.
(3)In particular assistance may be provided free of charge or on such terms as to payment as the [F2Authority] may determine.
(4)The consent of the Secretary of State shall be required for the exercise of any power conferred by this paragraph.
Textual Amendments
F2Words in Sch. 2 para. 4 substituted (1.4.1994) by 1993 c. 35, s. 253, Sch. 15. para. 4(6); S.I. 1994/507, art. 4(1), Sch. 2.