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1998 c. 45
Regional Development Agencies Act 1998 (1998 c. 45)
An Act to make provision for regional development agencies in England; to make provision about the Development Commission and the Urban Regeneration Agency; and for connected purposes.
Data synced
Part I — Regional development agencies
Development agencies
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Activities
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Financial arrangements
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(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.
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(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.
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(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information, reports and accountability
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(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.
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(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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(8) In this section, “ accounting period ” has the same meaning as in section 14.
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Vesting and acquisition of land
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Miscellaneous and supplementary
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Part II — Existing bodies
The Development Commission
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...
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Part III — General
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Schedules
SCHEDULE 2 — Constitution of agencies
Membership
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Chairman and deputy chairman
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Remuneration, pensions, et ceteralaetc.
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Application of paragraph 3 in relation to the London Development Agency
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Staff
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Proceedings
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Delegation of functions
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Members’ interests
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Vacancies and defective appointments
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Minutes
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Execution and proof of instruments
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SCHEDULE 3 — Delegation of Ministerial functions: transfer schemes
Power to make scheme
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Contents of scheme
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Effect of scheme
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Effect of transfer by scheme of contracts of employment
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Modification of scheme
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Provision of information
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Interpretation
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SCHEDULE 4 — Vesting of land: modifications of enactments
Land Compensation Act 1961 (c. 33)
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Compulsory Purchase (Vesting Declarations) Act 1981 (c. 66)
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SCHEDULE 5 — Acquisition of land
Part I — Modifications of the Acquisition of Land Act 1981
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Part II — Acquisition of rights
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SCHEDULE 6 — Vesting and acquisition of land: supplementary provisions
Extinguishment of rights over land
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Power to override easements
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Consecrated land and burial grounds
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Open spaces
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Displacement of persons
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Extinguishment of public rights of way
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Telegraphic lines
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Statutory undertakers
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Interpretation
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Schedule 6A — Promotion of Bills in Parliament by the London Development Agency
Preliminary requirements
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Consultation on draft Bill
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Publicity for, and exposure of, the draft Bill
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Deposition of the Bill in Parliament
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Bills affecting statutory functions of London local authorities
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Publicity for the deposited Bill
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SCHEDULE 7 — Minor amendments
Public Records Act 1958 (c. 51)
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Parliamentary Commissioner Act 1967 (c. 13)
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Local Authorities (Goods and Services) Act 1970 (c. 39)
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House of Commons Disqualification Act 1975 (c. 24)
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Northern Ireland Assembly Disqualification Act 1975 (c. 25)
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SCHEDULE 8 — The Development Commission: transfer schemes
Definitions
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Making and approval of transfer scheme
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Contents of scheme
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Effect of scheme
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Effect of transfer by scheme of contracts of employment
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Modification of scheme
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Provision of information to Secretary of State
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SCHEDULE 9 — The Urban Regeneration Agency: transfer schemes
Definitions
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Making and approval of transfer scheme
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Contents of scheme
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Effect of scheme
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Effect of transfer by scheme of contracts of employment
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Modification of scheme
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Provision of information to Secretary of State
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Cite this legislation
- Official citation
- 1998 c. 45
- Source
- legislation.gov.uk
- Data synced
- Licence
- OGL-3 ↗
Regional Development Agencies Act 1998 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/ukpga-1998-45
This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.
Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).