xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Please note that the date you requested in the address for this web page is not an actual date upon which a change occurred to this item of legislation. You are being shown the legislation from , which is the first date before then upon which a change was made.
(1)The Secretary of State may make one or more schemes for—
(a)the transfer to the HCA of designated property, rights or liabilities of—
(i)the Urban Regeneration Agency,
(ii)the Commission for the New Towns,
F1(iii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., or
(iv)a Minister of the Crown, or
(b)the transfer to the Welsh Ministers of designated property, rights or liabilities of—
(i)the Urban Regeneration Agency, or
(ii)the Commission for the New Towns.
(2)On the transfer date, the designated property, rights or liabilities are transferred and vest in accordance with the scheme.
(3)Schedule 6 (which makes further provision about the making of schemes) has effect.
(4)In this section and in Schedule 6—
“designated” in relation to a scheme, means specified in, or determined in accordance with, the scheme,
“Minister of the Crown” has the same meaning as in the Ministers of the Crown Act 1975 (c. 26),
“the transfer date” means a date specified by a scheme as the date on which the scheme is to have effect.
(5)Schedule 7 makes provision about the tax implications of schemes under this section (and schemes under section 65).
Textual Amendments
F1S. 51(1)(a)(iii) (but not the final "or") repealed (1.7.2012 at 0.02 a.m.) by Public Bodies Act 2011 (c. 24), s. 38(3), Sch. 6 (with Note 1); S.I. 2012/1662, art. 2(2)(b)
Commencement Information
I1S. 51 in force at 8.9.2008 by S.I. 2008/2358, art. 2(1)