PART 5Community empowerment
C1CHAPTER 3Assets of community value
List of assets of community value
I1I287List of assets of community value
1
A local authority must maintain a list of land in its area that is land of community value.
2
The list maintained under subsection (1) by a local authority is to be known as its list of assets of community value.
3
Where land is included in a local authority's list of assets of community value, the entry for that land is to be removed from the list with effect from the end of the period of 5 years beginning with the date of that entry (unless the entry has been removed with effect from some earlier time in accordance with provision in regulations under subsection (5)).
4
The appropriate authority may by order amend subsection (3) for the purpose of substituting, for the period specified in that subsection for the time being, some other period.
5
The appropriate authority may by regulations make further provision in relation to a local authority's list of assets of community value, including (in particular) provision about—
a
the form in which the list is to be kept;
b
contents of an entry in the list (including matters not to be included in an entry);
c
modification of an entry in the list;
d
removal of an entry from the list;
e
cases where land is to be included in the list and—
i
different parts of the land are in different ownership or occupation, or
ii
there are multiple estates or interests in the land or any part or parts of it;
f
combination of the list with the local authority's list of land nominated by unsuccessful community nominations.
6
Subject to any provision made by or under this Chapter, it is for a local authority to decide the form and contents of its list of assets of community value.
Pt. 5 Ch. 3: power to amend conferred (26.12.2023) by Levelling-up and Regeneration Act 2023 (c. 55), ss. 132, 255(3)(a) (with s. 247)