Part I Regional development agencies
F9 Development agencies
1 Establishment.
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2 Constitution.
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3 Status.
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Activities
F94 Purposes.
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F95 Powers.
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F96 Delegation of functions by Ministers.
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F26ADelegation of functions to the Mayor of London and the London Development Agency.
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F97 Regional strategy
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F37AThe London Development Agency strategy.
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F37BSecretary of State’s functions in relation to the London Development Agency strategy.
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F18 Regional consultation.
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Financial arrangements
F99 General financial duties.
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F910 Government grants.
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F911 Borrowing.
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F912 Government guarantees of an agency’s borrowing.
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F913 Government loans.
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I1C7C6C4C5C8C9F914 Accounts and records.
1
A regional development agency shall—
a
keep proper accounts and proper accounting records, and
2
Every statement of accounts prepared under subsection (1) shall comply with any requirement which the Secretary of State has, with the consent of the Treasury, notified in writing to the agency and which relates to any of the following matters, namely—
a
the information to be contained in the statement,
b
the manner in which that information is to be presented, or
c
the methods and principles according to which the statement is to be prepared.
3
Subject to subsections (4) and (5), “accounting period”, in relation to a regional development agency, means a period beginning with 1st April and ending with the next 31st March.
4
The Secretary of State may, in relation to an accounting period of a regional development agency, direct that the period shall end with such date other than the next 31st March as may be specified in the direction.
5
Where the Secretary of State has given a direction under subsection (4), the following accounting period of the agency to which the direction was given shall begin with the day after the date specified in the direction and, subject to any further direction under subsection (4), shall end with the next 31st March.
6
In this section, “accounting records”, in relation to a regional development agency, includes all books, papers and other records of the agency relating to, or to matters dealt with in, the accounts required to be kept by this section.
F47
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I2C10F915 Audit.
1
The accounts of a regional development agency for each accounting period shall be audited by the Comptroller and Auditor General.
2
A copy of—
a
any accounts of a regional development agency which are audited under subsection (1), and
b
the report made on those accounts by the Comptroller and Auditor General,
shall be sent to the Secretary of State as soon as reasonably practicable after the report is received by the agency; and the Secretary of State shall lay before each House of Parliament a copy of those accounts and that report.
3
In this section—
“accounting period” and “accounting records” have the same meanings as in section 14; andreferences to accounts, in relation to a regional development agency, include any statement prepared by it under that section.
F54
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F55
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Information, reports and accountability
F916 Provision of information etc. to the Secretary of State.
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I3C11F917 Annual report.
1
As soon as reasonably practicable after the end of each accounting period, a regional development agency shall prepare a report on its activities during that period and shall send a copy of that report to the Secretary of State.
2
A report under this section shall—
a
be in such form and contain such information as the Secretary of State may specify by directions to the agency, and
b
set out any other directions given to the agency under this Part during the period to which the report relates.
3
Following receipt of a report under this section, the Secretary of State shall lay a copy of it before each House of Parliament and arrange for copies of it to be published in such manner as he considers appropriate.
F64
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F65
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F66
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F67
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8
In this section, “accounting period” has the same meaning as in section 14.
F918 Regional accountability.
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F9 Vesting and acquisition of land
19 Vesting of land by order.
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20 Acquisition of land.
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21 Rights of entry.
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22 Offences in relation to rights of entry.
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23 Supplementary provisions.
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Miscellaneous and supplementary
F924 Connection of private streets to highway.
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F925 Power to alter regions.
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F926 Change of name of agency.
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F726APower to promote or oppose Bills in Parliament.
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F927 General power to give guidance and directions.
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F928 Guidance: supplementary.
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F929 Consents of Secretary of State.
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F930 Validity of transactions.
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F830AApplication of guidance, consent etc. provisions to the Mayor of London.
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F931 Notices.
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F932 Minor amendments.
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F933 Interpretation of Part I.
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Act repealed in so far as not already repealed (1.7.2012 at 0.02 a.m. except for ss. 14, 15, 17) by Public Bodies Act 2011 (c. 24), s. 38(3), Sch. 6; S.I. 2012/1662, art. 2(2)(b)