47 The South BankE+W
(1)The Royal Festival Hall, the Queen Elizabeth Hall, the Purcell Room, the National Theatre, the National Film Theatre and the Hayward Gallery, together with such adjacent land and other property of the Greater London Council as may be specified by an order made by the Secretary of State, shall on the abolition date vest in the Arts Council of Great Britain.
(2)The Council shall furnish [F1the Secretary of State] with such information relating to the property vested in them by or under this section and the manner in which they are discharging or intend to discharge their responsibilities in respect of it as he may require and shall make to him, as soon as may be after 31st March in each year following that in which the abolition date falls, a report on their discharge of those responsibilities since the abolition date or, as the case may be, since the end of the period covered by their last report under this subsection; and each report shall include particulars of so much of the Council’s accounts for the period covered by the report as relates to that property.
(3)[F1The Secretary of State]shall lay before Parliament a copy of each report made to him under subsection (2) above.
F2(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 47(2)(3) substituted (3.7.1992) by S.I. 1992/1311, art. 12(2), Sch. 2 para. 7(a)
F2S. 47(4) omitted (3.7.1992) by virtue of S.I. 1992/1311, art. 12(2), Sch. 2 para. 7(b)
Modifications etc. (not altering text)
C1S. 47: certain functions transferred (3.7.1992) by S.I. 1992/1311, art. 3(1), Sch. 1, Pt.I