PART IIIREGENERATION OF SITES

Functions of the Office in relation to relevant sites

Disposal of relevant sites by the Office10

1

The Office may, with the approval of the Department of Finance and Personnel, dispose of any land forming all or part of a relevant site and vested in the Office.

2

A disposal under this Article –

a

may be for value or otherwise; and

b

shall be on such terms and conditions as the Office may think fit.

3

In particular on any such disposal the Office may –

a

impose such restrictions as the Office may think necessary on the use of the land disposed of; and

b

grant or reserve such rights over the land as the Office may think fit.

4

Nothing in section 5 of the Stormont Regulation and Government Property Act (Northern Ireland) 1933 (c. 6) affects the disposal by the Office of land forming all or part of a relevant site.