Section 40 Extension of power to make grants and loans for execution of harbour works, etc.

1)—(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(5)

The expenses in respect of which loans may be made to a harbour authority under section 11(1) of the 1964 Act (loans to harbour authorities for the execution of harbour works, etc.) shall include expenses incurred by a harbour authority—

(a)

in executing works for the construction, in the exercise and performance of statutory powers and duties, of a harbour which the authority proposes to become engaged in improving, maintaining or managing;

(b)

in acquiring plant or equipment required for the carrying out of harbour operations at a harbour which the authority is constructing or proposing to construct as aforesaid;

(c)

in acquiring land for the purpose of so constructing a harbour.

Annotations

Textual amendments

F1: S. 40(1)–(4) repealed by Transport Act 1981 (c. 56, SIF 58), s. 40, Sch. 12 Pt. II