297 Transfers of property, rights and liabilities.E+W+S
(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.