LegalizeRegional Development Agencies Act 1998
Part I — Regional development agencies
Development agencies
Establishment
1
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Constitution
2
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Status
3
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Activities
Purposes
4
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Powers
5
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Delegation of functions by Ministers
6
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Strategy
7
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Regional consultation
8
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Financial arrangements
General financial duties
9
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Government grants
10
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Borrowing
11
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Government guarantees of an agency’s borrowing
12
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Government loans
13
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Accounts and records
14
- (1) A regional development agency shall—
- (a) keep proper accounts and proper accounting records, and
- (b) prepare in respect of each accounting period a statement of accounts giving a true and fair view of the state of affairs and the income and expenditure of the agency.
- (2) Every statement of accounts prepared under subsection (1) shall comply with any requirement which the Secretary of State has, with the consent of the Treasury, notified in writing to the agency and which relates to any of the following matters, namely—
- (a) the information to be contained in the statement,
- (b) the manner in which that information is to be presented, or
- (c) the methods and principles according to which the statement is to be prepared.
- (3) Subject to subsections (4) and (5), “accounting period”, in relation to a regional development agency, means a period beginning with 1st April and ending with the next 31st March.
- (4) The Secretary of State may, in relation to an accounting period of a regional development agency, direct that the period shall end with such date other than the next 31st March as may be specified in the direction.
- (5) Where the Secretary of State has given a direction under subsection (4), the following accounting period of the agency to which the direction was given shall begin with the day after the date specified in the direction and, subject to any further direction under subsection (4), shall end with the next 31st March.
- (6) In this section, “accounting records”, in relation to a regional development agency, includes all books, papers and other records of the agency relating to, or to matters dealt with in, the accounts required to be kept by this section.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Audit
15
- (1) The accounts of a regional development agency for each accounting period shall be audited by the Comptroller and Auditor General.
- (2) A copy of—
- (a) any accounts of a regional development agency which are audited under subsection (1), and
- (b) the report made on those accounts by the Comptroller and Auditor General,
shall be sent to the Secretary of State as soon as reasonably practicable after the report is received by the agency; and the Secretary of State shall lay before each House of Parliament a copy of those accounts and that report.
- (3) In this section—
- “accounting period” and “accounting records” have the same meanings as in section 14; and
- references to accounts, in relation to a regional development agency, include any statement prepared by it under that section.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information, reports and accountability
Provision of information etc. to the Secretary of State
16
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Annual report
17
- (1) As soon as reasonably practicable after the end of each accounting period, a regional development agency shall prepare a report on its activities during that period and shall send a copy of that report to the Secretary of State.
- (2) A report under this section shall—
- (a) be in such form and contain such information as the Secretary of State may specify by directions to the agency, and
- (b) set out any other directions given to the agency under this Part during the period to which the report relates.
- (3) Following receipt of a report under this section, the Secretary of State shall lay a copy of it before each House of Parliament and arrange for copies of it to be published in such manner as he considers appropriate.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this section, “accounting period” has the same meaning as in section 14.
Regional accountability
18
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Vesting and acquisition of land
Vesting of land by order
19
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Acquisition of land
20
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Rights of entry
21
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Offences in relation to rights of entry
22
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Supplementary provisions
23
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Miscellaneous and supplementary
Connection of private streets to highway
24
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Power to alter regions
25
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Change of name of agency
26
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General power to give guidance and directions
27
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Guidance: supplementary
28
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Consents of Secretary of State
29
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Validity of transactions
30
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Notices
31
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Minor amendments
32
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Interpretation of Part I
33
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Part II — Existing bodies
The Development Commission
Transfer of property, rights and liabilities to agencies
34
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Powers in relation to the Commission
35
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...
Transfer of property, rights and liabilities to agencies
36
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Powers in relation to the Agency
37
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Part III — General
Corporation tax
38
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Stamp duty
39
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Directions: supplementary
40
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General interpretation
41
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Expenses
42
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Commencement
43
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Extent
44
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Short title
45
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SCHEDULE 1
SCHEDULE 2
Membership
1
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Chairman and deputy chairman
2
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Remuneration, pensions, et ceteralaetc.
3
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Staff
4
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5
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Proceedings
6
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Delegation of functions
7
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Members’ interests
8
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Vacancies and defective appointments
9
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Minutes
10
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Execution and proof of instruments
11
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SCHEDULE 3
Power to make scheme
1
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Contents of scheme
2
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3
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4
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5
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6
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7
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Effect of scheme
8
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Effect of transfer by scheme of contracts of employment
9
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10
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Modification of scheme
11
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Provision of information
12
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Interpretation
13
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SCHEDULE 4
Land Compensation Act 1961 (c. 33)
1
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2
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3
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4
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5
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Compulsory Purchase (Vesting Declarations) Act 1981 (c. 66)
6
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7
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8
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9
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SCHEDULE 5
Part I — Modifications of the Acquisition of Land Act 1981
1
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2
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Part II — Acquisition of rights
3
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4
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5
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SCHEDULE 6
Extinguishment of rights over land
1
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Power to override easements
2
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Consecrated land and burial grounds
3
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Open spaces
4
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Displacement of persons
5
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Extinguishment of public rights of way
6
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7
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Telegraphic lines
8
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Statutory undertakers
9
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10
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11
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12
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13
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14
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15
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Interpretation
16
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SCHEDULE 7
Public Records Act 1958 (c. 51)
1
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Parliamentary Commissioner Act 1967 (c. 13)
2
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Local Authorities (Goods and Services) Act 1970 (c. 39)
3
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House of Commons Disqualification Act 1975 (c. 24)
4
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Northern Ireland Assembly Disqualification Act 1975 (c. 25)
5
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SCHEDULE 8
Definitions
1
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Making and approval of transfer scheme
2
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3
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Contents of scheme
4
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5
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6
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7
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Effect of scheme
8
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Effect of transfer by scheme of contracts of employment
9
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Modification of scheme
10
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Provision of information to Secretary of State
11
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SCHEDULE 9
Definitions
1
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Making and approval of transfer scheme
2
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3
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Contents of scheme
4
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5
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6
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7
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Effect of scheme
8
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Effect of transfer by scheme of contracts of employment
9
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Modification of scheme
10
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Provision of information to Secretary of State
11
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Constitution.
Status.
6A
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7A
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7B
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26A
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30A
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Application of paragraph 3 in relation to the London Development Agency
3A
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Schedule 6A
Preliminary requirements
1
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Consultation on draft Bill
2
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Publicity for, and exposure of, the draft Bill
3
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Deposition of the Bill in Parliament
4
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Bills affecting statutory functions of London local authorities
5
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Publicity for the deposited Bill
6
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Editorial notes
Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.