(1)F2... every development corporation—
(a)shall keep proper accounts and other records in relation to those accounts, and
[F3(b)shall F4... prepare in respect of each financial year annual accounts in such form as the Secretary of State may with the Treasury’s approval direct, F5... ]
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F6(1A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)The financial year F7... of every development corporation shall begin with 1st April [F8but, if the Secretary of State, with the approval of the Treasury, so directs in a case where a development corporation F9... is to be dissolved, the final financial year of the corporation F9... 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 F9... 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 F10... a development corporation as to—
(a)the kind or number of accounts which [F11it is] 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
F1Words in s. 67 heading repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(2), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F2Words in s. 67(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(3)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F3S. 67(1)(b) substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 9(a)
F4Word in s. 67(1)(b) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(3)(b), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F5Words in s. 67(1) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(3)(c), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F6S. 67(1A) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(4), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F7Words in s. 67(2) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(5)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F8Words substituted by New Towns and Urban Development Corporations Act 1985 (c. 5, SIF 123:3, 4), s. 9(b)
F9Words in s. 67(2) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(5)(b), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F10Words in s. 67(3) repealed (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(6)(a), Sch. 16; S.I. 2009/803, arts. 3(1), 10
F11Words in s. 67(3)(a) substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 20(6)(b); S.I. 2009/803, art. 3(1)