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.