Article 2: Power to dispose of designated lands in Stormont Estate
Article 2(1) empowers the Department of Finance and Personnel to dispose of all or part of any land designated by order under Article 2(3).
Article 2(2) over-rides the restrictions on disposal in the trust under which the lands comprised in a conveyance of 1933 between HM Commissioners of Public Works and the Ministry of Finance are held by the Department of Finance and Personnel.
Article 2(3) gives the Department of Finance and Personnel power to designate by order those lands that are to be released from the effects of the Stormont Estate trust.
Article 2(4) prevents Parliament Buildings, Stormont Castle or Stormont House from being included among the designated lands.
Article 2(6) restricts exercise of the designation powers to the six months following the date on which first designation order is made. This will prevent the disposal in the future of additional lands forming part of the trust estate without recourse to further primary legislation.
