26 Delegation of functions and leases.U.K.
(1)The Development Corporation may by agreement under this section delegate to any person any of the functions exercisable by the Development Corporation under section 7, 8, 9, 11, 12, 13, 15, 19 or 20(5) to (8) above or Schedule 6 to this Act.
(2)Where any of the functions exercisable under section 7, 8 or 9 above or Schedule 6 to this Act are delegated by an agreement under this section, the Development Corporation shall give notice of the delegation [F1to the Natural Resources Body for Wales].
(3)Functions delegated by an agreement under this section shall be exercised in accordance with—
(a)the provisions of this Act and regulations made under it, and
(b)any such conditions (including conditions requiring the making of payments to the Development Corporation) as the Development Corporation may attach to the delegation.
(4)The Development Corporation may grant to any person a lease or other interest in or right over land if it appears expedient to do so for the purposes of or in connection with the exercise by him of any function exercisable by him by virtue of an agreement under this section.
Textual Amendments
F1Words in s. 26(2) substituted (1.4.2013) by The Natural Resources Body for Wales (Functions) Order 2013 (No. 755), art. 1(2), Sch. 2 para. 356 (with Sch. 7)