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Explanatory Memorandum to Strategic Investment and Regeneration of Sites (Northern Ireland) Order 2003

Article 5: Designation of company to exercise strategic investment functions

Paragraphs (1) and (5) provide for an order creating a company to be made by resolution of the Assembly.

Paragraph (2) sets out the conditions for the designation of the company.  Any such company would be limited by guarantee and would not have a share capitalisation.     The Office would control the Board of the company.

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