138Winding-down
(1)The Land Authority for Wales shall give to the Welsh Development Agency all the information, prepare all the documents and do all other things which appear to that Agency appropriate for the purpose of facilitating—
(a)the carrying into effect of sections 134 to 137 and section 139, or
(b)the exercise of any functions imposed on that Agency, or conferred on the Secretary of State, by this section;
and the Land Authority for Wales may do anything else which appears to it appropriate for that purpose.
(2)The Land Authority for Wales shall comply with paragraph 6 of Schedule 21 to the [1980 c. 65.] Local Government, Planning and Land Act 1980 (reports)—
(a)in relation to the last accounting year ending before its functions cease to exist (if it has not done so before then), and
(b)in relation to the period between the end of that accounting year and the time when its functions cease to exist (to which period that paragraph shall apply as if it were an accounting year).
(3)As from the time when the functions of the Land Authority for Wales cease to exist, the Welsh Development Agency shall make available to that Authority such facilities as that Authority may reasonably require for exercising its functions under this section.
(4)The statement of accounts prepared by the Welsh Development Agency in accordance with paragraph 8(1) of Schedule 3 to the [1975 c. 70.] Welsh Development Agency Act 1975 in respect of the accounting year in which the functions of the Land Authority for Wales cease to exist shall include a statement of accounts relating to the activities of that Authority—
(a)in respect of the last accounting year ending before the time when those functions cease to exist (if that Authority has not before that time prepared a statement of accounts in accordance with paragraph 3 of Schedule 21 to the [1980 c. 65.] Local Government, Planning and Land Act 1980 in relation to that accounting year), and
(b)in respect of the period between the end of that accounting year and that time.
(5)The Secretary of State may pay to members of the Land Authority for Wales—
(a)any remuneration which he considers appropriate in respect of the performance of their duties as members of that Authority after the time when its functions cease to exist, and
(b)any allowances which he determines should be paid to them in respect of expenses properly incurred by them in the performance of those duties after that time.
(6)The Secretary of State may determine that, as from the time when the functions of the Land Authority for Wales cease to exist or any later time, the number of members of that Authority shall be reduced to a number which he considers appropriate (and may, accordingly, remove any such members from office).
(7)In this section “accounting year” means the period of twelve months ending with 31st March.