Sections 3 and 4.
1(1)Subject to sub-paragraph (2) below, a funding authority may do anything which appears to them to be necessary or expedient for the purpose of or in connection with the discharge of their functions, including in particular—
(a)acquiring and disposing of land and other property,
(b)entering into contracts,
(c)investing sums not immediately required for the purpose of the discharge of their functions, and
(d)accepting gifts of money, land or other property.
(2)A funding authority shall not borrow money.
2(1)The Secretary of State may authorise a funding authority to purchase compulsorily any land required for the purpose of implementing any proposals under section 48, 49 or 97 of this Act which are required to be implemented.
(2)The [1981 c. 67.] Acquisition of Land Act 1981 shall apply to compulsory purchase under this paragraph.
3(1)A person shall hold and vacate office as a member of a funding authority in accordance with the terms of his appointment and shall, on ceasing to be a member, be eligible for re-appointment.
(2)A person may at any time by notice in writing to the Secretary of State resign his office as a member of a funding authority.
4If the Secretary of State is satisfied that a member of a funding authority—
(a)has been absent from meetings of the authority for a period longer than six consecutive months without the permission of the authority, or
(b)is unable or unfit to discharge the functions of a member,
the Secretary of State may by notice in writing to that member remove him from office and thereupon the office shall become vacant.
5(1)A funding authority—
(a)shall pay to their members such salaries or fees, and such travelling, subsistence or other allowances, as the Secretary of State may determine, and
(b)shall, as regards any member in whose case the Secretary of State may so determine, pay or make provision for the payment of such sums by way of pension, allowances and gratuities to or in respect of him as the Secretary of State may determine.
(2)If a person ceases to be a member of a funding authority and it appears to the Secretary of State that there are special circumstances which make it right that he should receive compensation, the Secretary of State may direct the authority to make to that person a payment of such amount as the Secretary of State may determine.
(3)A funding authority shall pay to the members of any of their committees who are not members of the authority such travelling, subsistence and other allowances as the Secretary of State may determine.
(4)A determination or direction of the Secretary of State under this paragraph requires the approval of the Treasury.
6(1)A funding authority may, with the approval of the Secretary of State as to numbers, appoint such employees as they think fit on such terms and conditions as to remuneration and other matters as the authority may determine.
(2)A determination under sub-paragraph (1) above requires the approval of the Secretary of State given with the consent of the Treasury.
(3)An employee of a funding authority may not be appointed as a member of the authority, and a member of a funding authority may not be appointed as an employee of the authority.
7(1)One of the employees of a funding authority shall be the chief officer.
(2)The first chief officer shall be appointed by the Secretary of State on such terms and conditions as to remuneration and other matters as the Secretary of State may with the consent of the Treasury determine.
(3)Each subsequent chief officer shall be appointed by the authority with the approval of the Secretary of State.
8(1)A funding authority may establish a committee for any purpose.
(2)The number of the members of a committee established under this paragraph, and the terms on which they are to hold and vacate office, shall be fixed by the authority.
(3)Such a committee may include persons who are not members of the authority.
(4)The authority shall keep under review the structure of committees established by them under this paragraph and the scope of each such committee’s activities.
9A funding authority may authorise the chairman, the chief officer or any committee established by them under paragraph 8 above to exercise such of their functions as they may determine.
10Without prejudice to any other rights the Secretary of State may require to be accorded to him as a condition of any grants made to a funding authority under section 6 of this Act—
(a)a representative of the Secretary of State shall be entitled to attend and take part in any deliberations (but not in decisions) at meetings of the authority or of any of their committees, and
(b)the authority shall provide the Secretary of State with such copies of any documents distributed to members of the authority or of any of their committees as he may require.
11The validity of any proceedings of a funding authority or of any of their committees shall not be affected by a vacancy amongst the members or by any defect in the appointment of a member.
12Subject to the preceding provisions of this Schedule, a funding authority may regulate their own procedure and that of any of their committees.
13The application of the seal of a funding authority shall be authenticated by the signature—
(a)of the chairman or of some other person authorised either generally or specifically by the authority to act for that purpose, and
(b)of one other member.
14Every document purporting to be an instrument made or issued by or on behalf of a funding authority and to be duly executed under their seal, or to be signed or executed by a person authorised by the authority to act in that behalf, shall be received in evidence and be treated, without further proof, as being so made or issued unless the contrary is shown.
15(1)It shall be the duty of a funding authority—
(a)to keep proper accounts and proper records in relation to the accounts,
(b)to prepare in respect of each financial year of the authority a statement of accounts, and
(c)to send copies of the statement to the Secretary of State and to the Comptroller and Auditor General before the end of the month of August next following the financial year to which the statement relates.
(2)The statement of accounts shall comply with any directions given by the Secretary of State with the approval of the Treasury as to—
(a)the information to be contained in it,
(b)the manner in which the information contained in it is to be presented, or
(c)the methods and principles according to which the statement is to be prepared,
and shall contain such additional information as the Secretary of State may with the approval of the Treasury require to be provided for the information of Parliament.
(3)The Comptroller and Auditor General shall examine, certify and report on each statement received by him in pursuance of this paragraph and shall lay copies of each statement and of his report before each House of Parliament.
(4)In this paragraph, “financial year” means the period beginning with the date on which the authority is established and ending with the next following 31st March, and each successive period of twelve months.
16A funding authority shall not be regarded as the servant or agent of the Crown or as enjoying any status, immunity or privilege of the Crown; and the property of the authority shall not be regarded as property of, or property held on behalf of, the Crown.