Local Government (Wales) Act 1994

11 (1) On 1st April 1996 all property, rights and liabilities of the old authorities, in respect of which provision is not otherwise made by or under this Act as to vesting, shall, by virtue of this paragraph, vest in the Residuary Body. E+W

(2) This paragraph shall not be construed—

(a) as continuing in force any contract of employment made by an old authority, or

(b) as imposing any liability on the Residuary Body in respect of the termination of any such contract by the abolition of an old authority,

but the rights and liabilities to which this paragraph applies shall include any rights and liabilities attributable to anything done or omitted under or in respect of such a contract before 1st April 1996 except any liability to make a payment which is prohibited by section 43(2).

(3) The Residuary Body may, with the consent of the Secretary of State, acquire by agreement any land or additional land required by it for carrying out its functions.

(4) The Residuary Body—

(a) may dispose of any land held by it in such manner as it considers appropriate, and

(b) shall dispose of any land which is not required by it for the carrying out of its functions,

subject to the same restrictions as those imposed by section 123(2) and (2A) of the 1972 Act (disposal of land of principal councils) in the case of disposals by a principal council under section 123(1) of that Act and any other restrictions imposed by or under this Act.