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17.—(1) Any property of an old authority which is used wholly in, and any rights or liabilities of an old authority arising out of, the discharge of functions by the authority in relation to a National Park through a National Park Committee, shall, subject to articles 14 and 15, vest in the National Park authority by which those functions become exercisable by virtue of the National Park Authorities (Wales) Order 1995(1).
(2) Paragraph (1) shall not apply to—
(a)land vested by virtue of article 16,
(b)property consisting of cash or investments, or
(c)rights or liabilities in respect of money borrowed by an old authority.
S.I. 1995/2803.
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