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New Towns Act 1981
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Changes over time for: Section 67
Version Superseded: 23/05/2003
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- 01/02/1991- Amendment
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- 01/04/2009- Amendment
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67 Accounts of Commission and development corporations.E+W
(1)The Commission and every development corporation—
(a)shall keep proper accounts and other records in relation to those accounts, and
[F1(b)shall respectively prepare in respect of each financial year annual accounts in such form as the Secretary of State may with the Treasury’s approval direct, being, in the Commission’s case, in a form which will show their financial position generally and also, if so directed, their financial position in relation to such towns, such combinations of towns or such other parts of their undertaking as are specified in the direction,]
and directions under this subsection may make different provisions as regards the Commission and as regards a development corporation.
(2)The financial year of the Commission and of every development corporation shall begin with 1st April [F2but, if the Secretary of State, with the approval of the Treasury, so directs in a case where a development corporation or the Commission is to be dissolved, the final financial year of the corporation or the Commission shall be such period as is specified in the direction, and references in this Act to a financial year in relation to a development corporation or the Commission shall be construed accordingly.]
(3)Without prejudice to the generality of subsection (1) above, the Secretary of State may, with the Treasury’s approval, give directions to the Commission or a development corporation as to—
(a)the kind or number of accounts which they are to keep.
(b)the amounts which are or are not to be credited or debited to any account,
(c)the manner of rectifying any account,
(d)provision for working balances,
and any such direction may be a general direction or a direction for a particular case.
Textual Amendments
F1S. 67(1)(b) substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 9(a)
F2Words substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 9(b)
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