The Sponsor Body and the Delivery Authority
3The Delivery Authority
1
The Sponsor Body must form a company limited by guarantee to exercise the functions conferred on the company by this Act.
2
The constitution of the company must include provision to ensure that the only member of the company, and its only guarantor, is the Sponsor Body.
3
The company formed under subsection (1) is referred to in this Act as “the Delivery Authority”.
4
The Delivery Authority's duties are—
a
to formulate proposals relating to Palace restoration works, as required by the Sponsor Body under section 2(2)(e), and
b
to carry out the Parliamentary building works in line with the requirements of the Sponsor Body.
5
The Delivery Authority may do whatever it considers appropriate for the purposes of the duties under subsection (4), provided that it acts in accordance with—
a
the agreement entered into by the Sponsor Body and the Delivery Authority under section 4, and
b
the Delivery Authority's memorandum and articles of association.
6
In performing the duties under subsection (4) the Delivery Authority must have regard to the matters mentioned in section 2(5).
7
Schedule 2 contains further provision about the Delivery Authority.