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(1)Subject to the following provisions of this Part, a regional development agency may do anything which it considers expedient for its purposes, or for purposes incidental thereto.
(2)A regional development agency may only—
(a)give financial assistance,
(b)dispose of land for less than the best consideration which can reasonably be obtained, or
(c)form, or acquire an interest in, a body corporate,
if the Secretary of State consents.
(3)A regional development agency may only provide housing by acquiring existing housing accommodation and making it available on a temporary basis for purposes incidental to its purposes.
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