Paragraph 3

Section 4 (objects and general powers of development corporations)^f1 has effect as before subsection (1) there were inserted—

“(A1)

The aim of the oversight authority in overseeing the development of an area as a new town is—

(a)

to plan for the creation of a high quality settlement which is a sustainable community;

(b)

to support sustainable development and good design; and

(c)

to plan from the outset for—

(i)

the long-term stewardship of the assets of the new town for the benefit of the community;

(ii)

the participation of the community; and

(iii)

the legacy arrangements following the dissolution of the new town development corporation.”.