After section 31A of the M1London Regional Transport Act 1984 there shall be inserted the following section—

“31BPower of Secretary of State to transfer functions

(1)

For the purpose of enabling any person to carry on any activities for which provision is made by an agreement under section 3(2) or (2A) of this Act, the Secretary of State may by order provide for any functions of London Regional Transport under any statutory provisions to be exercisable by that person (whether to the exclusion of or concurrently with London Regional Transport).

(2)

An order under this section may—

(a)

provide for the functions to cease to be so exercisable when the activities cease to be carried on by that person (whether by reason of the expiry or termination of the agreement or otherwise); and

(b)

make such supplementary, incidental and consequential provision as the Secretary of State considers necessary or expedient.

(3)

This section does not apply to any function of London Regional Transport under this Act or any other statutory provision specifically amended by any provision of this Act.

(4)

Any reference in this section to London Regional Transport includes a reference to any subsidiary of theirs.

(5)

A statutory instrument containing an order under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.”