(1)In subsection (1) of section 165 of the 1980 Act (power to transfer undertaking of urban development corporation), after the words “local authority”, in both places where they occur, there shall be inserted the words “ or other body ”.
(2)Subsection (3) of that section (transfer of liabilities by order) shall cease to have effect; and after that section there shall be inserted the following section—
(1)Subject to this section, the Secretary of State may at any time by order transfer to himself, upon such terms as he thinks fit, any property, rights or liabilities which—
(a)are for the time being vested in an urban development corporation, and
(b)are not proposed to be transferred under an agreement made under section 165 above and approved by the Secretary of State with the Treasury’s concurrence.
(2)An order under this section may terminate—
(a)any appointment of the corporation under subsection (1) of section 177 of the Leasehold Reform, Housing and Urban Development Act 1993 (power of corporations to act as agents of the Urban Regeneration Agency); and
(b)any arrangements made by the corporation under subsection (2) of that section.
(3)Before making an order under this section, the Secretary of State shall consult each local authority in whose area all or part of the urban development area is situated.
(4)An order under this section shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.”
(3)In subsection (9) of that section—
(a)after the words “this section” there shall be inserted the words “ and sections 165A and 166 below ”;
(b)for the words “the section”, in both places where they occur, there shall be substituted the words “ the sections ”.
(4)For subsection (1) of section 166 of that Act (dissolution of urban development corporations) there shall be substituted the following subsection—
“(1)Where all property, rights and liabilities of an urban development corporation have been transferred under or by one or more relevant instruments, the Secretary of State may make an order by statutory instrument under this section.”
(5)For subsection (5) of that section there shall be substituted the following subsection—
“(5)In this section “relevant instrument” means an agreement made under section 165 above or an order made under section 165A above.”
Commencement Information
I1S. 180 wholly in force; s. 180 not in force at Royal Assent see s. 188(2); s. 180 in force for certain purposes at 11.10.1993 by S.I. 1993/2134, art. 4; s. 180 in force at 10.11.1993 in so far as it was not in force by S.I. 1993/2762, art. 3