Part IIF12Transfers from and dissolution of development corporations etc.
F13Functions of Welsh Ministers in relation to certain transferred property
S. 35 cross-heading substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 3; S.I. 2009/803, art. 3(1)
36F5Functions of Welsh Ministers
F1F6 1
The Welsh Ministers may—
a
take over and, with a view to its eventual disposal, hold, manage and turn to account—
i
the property of the Commission for the New Towns transferred to them under a scheme made under section 51(1) of the Housing and Regeneration Act 2008;
ii
the property of development corporations transferred to them under this Act; and
iii
the property of urban development corporations transferred to them by order under section 165A of the Local Government, Planning and Land Act 1980; and
b
as soon as they consider it expedient to do so, dispose of property so transferred or any other property arising out of such property.
1A
In exercising their functions under subsection (1), the Welsh Ministers must have regard to the considerations specified in subsection (2).
2
Those considerations, in relation to any new town F2or urban development area, are—
a
the convenience and welfare of persons residing, working or carrying on business there, and
b
until disposal, the maintenance and enhancement of the value of the land held and the return obtained from it.
F73
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F83A
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4
F34A
In this section “urban development area” means land which is or was, or is or was part of, an urban development area (within the meaning of Part XVI of the Local Government, Planning and Land Act 1980) and—
a
any reference to property transferred to the F11Welsh Ministers by order under section 165A of that Act includes a reference to rights and liabilities so transferred; and
b
in relation to liabilities so transferred, any reference to disposal includes a reference to extinguishment.
5
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Heading to Pt. II substituted (1.4.2009) by Housing and Regeneration Act 2008 (c. 17), s. 325(1), Sch. 5 para. 2; S.I. 2009/803, art. 3(1)