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- Original (As enacted)
This is the original version (as it was originally enacted).
15(1)In connection with the exercise of any of its functions IBB may—
(a)enter into contracts and other agreements (whether legally binding or not);
(b)acquire and dispose of property (including land);
(d)do such other things as IBB thinks necessary or expedient.
(2)The power conferred by sub-paragraph (1)(b) includes accepting—
(a)gifts of money, and
(b)gifts or loans of other property,
on such terms as IBB thinks appropriate.
(3)But IBB may exercise the power conferred by sub-paragraph (1)(b) or (c) only with the consent of the Secretary of State.
(4)Such consent may be given—
(a)with respect to a particular case or with respect to a class of cases;
(b)subject to such conditions as the Secretary of State thinks appropriate.
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