PART 8London
CHAPTER 2Mayoral development corporations
Object and main power
201Object and powers
(1)
The object of an MDC is to secure the regeneration of its area.
(2)
An MDC may do anything it considers appropriate for the purposes of its object or for purposes incidental to those purposes.
(3)
In this section “specific power”, in relation to an MDC, means any of the MDC's powers other than its powers under subsection (2).
(4)
An MDC's specific powers are to be exercised for the purposes of its object or for purposes incidental to those purposes.
(5)
Each of an MDC's specific powers may be exercised separately or together with, or as part of, another of its specific powers.
(6)
None of an MDC's specific powers limits the scope of its other specific powers.
(7)
None of an MDC's specific powers limits the scope of its powers under subsection (2).
(8)
But—
(a)
subsections (4) and (5) do not apply to an MDC in its capacity as a local planning authority as a result of decisions under section 202 or in its exercise of other functions as a result of decisions under that section,
(b)
subsection (4) does not apply to the exercise of a function by an MDC in consequence of an authorisation under section 38 of the Greater London Authority Act 1999 (delegation by Mayor), and
(c)
the powers conferred by subsection (2) must not be used to override a restriction imposed on the exercise of a specific power.