(This note is not part of the Order)
This Order makes provision for the transfer to the Greater London Authority (“the GLA”) of property, rights and liabilities held by the London Thames Gateway Development Corporation (“the Corporation”).
Article 2 transfers to the GLA the land, property, rights and liabilities which are specified in that article and Parts 1 to 5 of the Schedule, and are vested in the Corporation immediately before 16th April 2012.
Article 3 transfers to the GLA all property, rights and liabilities which the Corporation has under the contracts of employment of the employees specified in Part 6 of the Schedule. Article 4 transfers to the GLA all property, rights and liabilities which the Corporation has in relation to the pensions of those employees.
No Impact Assessment has been prepared for this instrument as no impact on the private or voluntary sectors is foreseen.