Part IV Transport

Chapter XVI Transition from London Regional Transport to Transport for London

297 Transfers of property, rights and liabilities.

1

The Secretary of State shall from time to time prepare programmes for the transfer to Transport for London of property, rights and liabilities of London Regional Transport—

a

for the purpose of enabling Transport for London to perform its functions as they become exercisable; or

b

in preparation for the dissolution of London Regional Transport;

and in this Chapter transfer programme means a programme under this subsection.

2

Any powers conferred by Part XII below are exercisable for the purpose of implementing any transfer programme.

3

A transfer programme may include plans relating to—

a

the transfer of rights and liabilities under contracts of employment;

b

the provision of pensions, within the meaning of section 411 below;

c

the apportionment of any property, rights or liabilities;

d

the creation of rights or liabilities;

e

the transfer of statutory functions;

f

the exercise of any other powers under Part XII below.

4

A transfer programme may provide for different property, rights or liabilities to be transferred on different days.

5

To the extent that a transfer programme has not been implemented, it may be varied or replaced by another such programme.