Incidental powersE+W+N.I.
15(1)In connection with the exercise of any of its functions IBB may—E+W+N.I.
(a)enter into contracts and other agreements (whether legally binding or not);
(b)acquire and dispose of property (including land);
(c)borrow money;
(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.
Commencement Information
I1Sch. 1 para. 15 in force at 2.1.2008 for E.W. by S.I. 2007/3545, art. 3
I2Sch. 1 para. 15 in force at 31.3.2008 for N.I. by S.I. 2008/930, art. 2(a)