1.—(1) The functions of the Treasury by virtue of section 56 of the Land Law (Ireland) Act 1881(1) are transferred to the Department of Finance and Personnel in Northern Ireland.
(2) Regulations made under that section by the Department are to be laid before the Northern Ireland Assembly (and not the House of Commons) and are not to come into effect until after the end of the statutory period next after the regulations have been laid.
(3) For the purposes of sub-paragraph (2)—
(a)“the statutory period” has the meaning given by section 41(2) of the Interpretation Act (Northern Ireland) 1954(2);
(b)section 41(3) of the 1954 Act(3) applies in relation to the laying of regulations as it applies in relation to the laying of a statutory document under an enactment.
1881 c. 49. Section 56 was modified by the Northern Ireland Land Purchase (Winding Up) Act 1935 (c. 21) and the Northern Ireland Land Purchase Winding Up (Adaptation) Order 1936 (S.R. & O (N.I.) 1937 No. 306); and repealed by the Property (Northern Ireland) Order 1997 (S.I. 1997/1179 (N.I. 8), subject to a saving.
1954 c. 33 (N.I.). Section 41(2) was substituted by the Legislative Procedure Act (Northern Ireland) 1968 (c. 24) (N.I.) and amended by S.I. 1973/2163.
Section 41(3) was substituted by S.I. 1999/663.