Part 1The Homes and Communities Agency
Chapter 5Supplementary
Abolition of existing bodies
52I1Role of the HCA in relation to former CNT functions
1
The HCA must, so far as practicable, exercise its powers in relation to—
a
any property, rights or liabilities of the Commission for the New Towns transferred to it by virtue of section 51 and Schedule 6,
b
any property, rights or liabilities of a new town development corporation transferred to it by virtue of section 41 of, and Schedule 10 to, the New Towns Act 1981 (c. 64),
c
any undertaking, or part of an undertaking, of an urban development corporation transferred to it by virtue of an agreement under section 165 of the Local Government, Planning and Land Act 1980 (c. 65), or
d
any property, rights or liabilities of an urban development corporation transferred to it by virtue of an order under section 165B of that Act,
for the purposes of the objects mentioned in section 2(1) or for purposes incidental to those purposes.
2
But subsection (1) does not apply if the HCA does not consider it appropriate to exercise its powers in this way having regard, in particular, to the purposes for which the transferred property was held by the Commission for the New Towns, the new town development corporation or (as the case may be) the urban development corporation.
3
In such a case, the HCA must exercise its powers in relation to the transferred property in such a way as it considers appropriate having regard, in particular, to—
a
the objects mentioned in section 2(1), and
b
the purposes for which the transferred property was held by the body concerned,
and the references in this Part to the objects of the HCA are to be read accordingly.
4
In this section—
“new town development corporation” means a development corporation established under section 3 of the New Towns Act 1981 (c. 64),
“transferred property” means any property, rights or liabilities, or any undertaking or part of an undertaking, falling within paragraphs (a) to (d) of subsection (1) above.