Regional Development Agencies Act 1998
F1An Act to make provision for regional development agencies in England; to make provision about the Development Commission and the Urban Regeneration Agency; and for connected purposes.
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Part I Regional development agencies
F1 Development agencies
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Activities
F14 Purposes.
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F15 Powers.
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F16 Delegation of functions by Ministers.
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F26ADelegation of functions to the Mayor of London and the London Development Agency.
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F17 Regional strategy
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F37AThe London Development Agency strategy.
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F37BSecretary of State’s functions in relation to the London Development Agency strategy.
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F48 Regional consultation.
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Financial arrangements
F19 General financial duties.
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F110 Government grants.
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F111 Borrowing.
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F112 Government guarantees of an agency’s borrowing.
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F113 Government loans.
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F114 Accounts and records.
(1)
A regional development agency shall—
(a)
keep proper accounts and proper accounting records, and
(b)
prepare in respect of each accounting period a statement of accounts giving a true and fair view of the state of affairs and the income and expenditure of the agency.
(2)
Every statement of accounts prepared under subsection (1) shall comply with any requirement which the Secretary of State has, with the consent of the Treasury, notified in writing to the agency and which relates to any of the following matters, namely—
(a)
the information to be contained in the statement,
(b)
the manner in which that information is to be presented, or
(c)
the methods and principles according to which the statement is to be prepared.
(3)
Subject to subsections (4) and (5), “accounting period”, in relation to a regional development agency, means a period beginning with 1st April and ending with the next 31st March.
(4)
The Secretary of State may, in relation to an accounting period of a regional development agency, direct that the period shall end with such date other than the next 31st March as may be specified in the direction.
(5)
Where the Secretary of State has given a direction under subsection (4), the following accounting period of the agency to which the direction was given shall begin with the day after the date specified in the direction and, subject to any further direction under subsection (4), shall end with the next 31st March.
(6)
In this section, “accounting records”, in relation to a regional development agency, includes all books, papers and other records of the agency relating to, or to matters dealt with in, the accounts required to be kept by this section.
F5(7)
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F115 Audit.
(1)
The accounts of a regional development agency for each accounting period shall be audited by the Comptroller and Auditor General.
(2)
A copy of—
(a)
any accounts of a regional development agency which are audited under subsection (1), and
(b)
the report made on those accounts by the Comptroller and Auditor General,
shall be sent to the Secretary of State as soon as reasonably practicable after the report is received by the agency; and the Secretary of State shall lay before each House of Parliament a copy of those accounts and that report.
(3)
In this section—
“accounting period” and “accounting records” have the same meanings as in section 14; and
references to accounts, in relation to a regional development agency, include any statement prepared by it under that section.
F6(4)
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F6(5)
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Information, reports and accountability
F116 Provision of information etc. to the Secretary of State.
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F117 Annual report.
(1)
As soon as reasonably practicable after the end of each accounting period, a regional development agency shall prepare a report on its activities during that period and shall send a copy of that report to the Secretary of State.
(2)
A report under this section shall—
(a)
be in such form and contain such information as the Secretary of State may specify by directions to the agency, and
(b)
set out any other directions given to the agency under this Part during the period to which the report relates.
(3)
Following receipt of a report under this section, the Secretary of State shall lay a copy of it before each House of Parliament and arrange for copies of it to be published in such manner as he considers appropriate.
F7(4)
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F7(5)
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F7(6)
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F7(7)
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(8)
In this section, “accounting period” has the same meaning as in section 14.
F118 Regional accountability.
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F1 Vesting and acquisition of land
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Miscellaneous and supplementary
F124 Connection of private streets to highway.
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F125 Power to alter regions.
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F126 Change of name of agency.
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F826APower to promote or oppose Bills in Parliament.
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F127 General power to give guidance and directions.
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F128 Guidance: supplementary.
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F129 Consents of Secretary of State.
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F130 Validity of transactions.
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F930AApplication of guidance, consent etc. provisions to the Mayor of London.
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F131 Notices.
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F132 Minor amendments.
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F133 Interpretation of Part I.
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F1Part II Existing bodies
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F1Part III General
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F1 SCHEDULE 1 Regions
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F1 SCHEDULE 2 Constitution of agencies
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F1 SCHEDULE 3 Delegation of Ministerial functions: transfer schemes
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F1 SCHEDULE 4 Vesting of land: modifications of enactments
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F1 SCHEDULE 5 Acquisition of land
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F1 SCHEDULE 6 Vesting and acquisition of land: supplementary provisions
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F10Schedule 6A Promotion of Bills in Parliament by the London Development Agency
F10Preliminary requirements
F101
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F10Consultation on draft Bill
F102
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F10(2)
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F10(a)
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F10(b)
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F10(c)
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F10(d)
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F10(3)
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F10(2)
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F10(a)
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F10(b)
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F10(c)
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F10(d)
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F10(3)
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F10Publicity for, and exposure of, the draft Bill
F103
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F10(3)
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F10(4)
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F10(3)
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F10(4)
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F10Deposition of the Bill in Parliament
F104
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F10Bills affecting statutory functions of London local authorities
F105
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F10(a)
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F10(b)
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F10(2)
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F10(a)
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F10(b)
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F10(2)
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F10Publicity for the deposited Bill
F106
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F1 SCHEDULE 7 Minor amendments
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F1 SCHEDULE 8 The Development Commission: transfer schemes
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F11 SCHEDULE 9 The Urban Regeneration Agency: transfer schemes
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