3.—(1) The joint committee shall be constituted a body corporate with perpetual succession to which section 19 of the Interpretation Act (Northern Ireland) 1954(1) shall apply.
(2) The joint committee shall be known as SWaMP2008.
(3) Part V of the Local Government Act (Northern Ireland) 1972 (Financial Provisions) shall apply to SWaMP2008 as it applies to a council as if—
(a)reference to a council included a reference to SWaMP2008;
(b)reference to the chief financial officer included a reference to the chief executive or chief officer;
(c)reference to the district fund included a reference to general reserves;
(d)reference to the clerk included a reference to the chief executive or chief officer.