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Industrial Development Act 1966

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This is the original version (as it was originally enacted).

6For the purposes of this Schedule an asset shall be treated as provided for use in an area if, and only if, the Board are satisfied that it is so provided and will continue to be used in that area ; and an asset provided in, or for use in, an area which has ceased to be a development area shall be treated as provided for the purposes of a project undertaken while that area was a development area if, and only if, the Board are satisfied that the following conditions are complied with in respect thereof, that is to say—

(a)that its provision is required for the execution of the project; and

(b)that other assets required for use in that area for the execution of the project have been provided or contracted for at a time when the area was a development area ; and

(c)that the assets so provided or contracted for form a substantial proportion of the assets required for the execution of the project.

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