C5C3PART 8London

Annotations:
Modifications etc. (not altering text)

C1C5C3C4C2C6C7C8C12C13C14CHAPTER 2Mayoral development corporations

Annotations:
Modifications etc. (not altering text)
C1

Pt. 8 Ch. 2 applied (with modifications) (3.3.2017) by The Tees Valley Combined Authority (Functions) Order 2017 (S.I. 2017/250), arts. 1(2), 4(1)(2), Sch. (with arts. 3, 4(3))

C2

Pt. 8 Ch. 2 applied (with modifications) (8.5.2017) by The West of England Combined Authority Order 2017 (S.I. 2017/126), arts. 1(4), 14(1), Sch. 3

C13

Pt. 8 Ch. 2: power to amend conferred (26.12.2023) by Levelling-up and Regeneration Act 2023 (c. 55), ss. 132, 255(3)(a) (with s. 247)

Dissolution

C12C9215C12Reviews

It is the duty of the Mayor to review, from time to time, the continuing in existence of any existing MDCs.

C12C10216C12Transfers of property, rights and liabilities

1

The Mayor may at any time make a scheme (a “transfer scheme”) transferring to a permitted recipient, upon such terms as the Mayor considers appropriate, any property, rights or liabilities which are for the time being vested in an MDC.

2

A transfer scheme may provide for a transfer to a person within paragraph (d), (e) or (f) of the definition of “permitted recipient” in subsection (4) only if the person consents.

3

The Mayor must publish a transfer scheme as soon after it is made as is reasonably practicable.

4

In this section—

  • “company” means—

    1. a

      a company within the meaning given by section 1(1) of the Companies Act 2006, or

    2. b

      F1a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;

  • “functional body” has the meaning given by section 424(1) of the Greater London Authority Act 1999;

  • “permitted recipient” means—

    1. a

      the Greater London Authority,

    2. b

      a functional body other than the MDC concerned,

    3. c

      a company that is a subsidiary of the Greater London Authority,

    4. d

      a London borough council,

    5. e

      the Common Council of the City of London, or

    6. f

      any other person;

  • “subsidiary” has the meaning given by section 1159 of the Companies Act 2006.

C12C11217C12Dissolution: final steps

1

Subsection (2) applies if no property, no rights and no liabilities are vested in an MDC (“the MDC”).

2

The Mayor may request the Secretary of State to revoke the order under section 198(2) which established the MDC.

3

If the Secretary of State receives a request under subsection (2), the Secretary of State must make an order giving effect to the request.

4

Where the Secretary of State makes an order under subsection (3)—

a

the MDC is dissolved on the coming into force of the order, and

b

the Mayor must revoke the designation of the Mayoral development area for which the MDC was established.

5

Where the Mayor makes a revocation under subsection (4)(b), the Mayor must—

a

publicise the revocation, and

b

notify the Secretary of State of the revocation.