Paragraph 2

England and Wales

(1)

The Authority may do anything which is calculated to facilitate, or is incidental or conducive to, the carrying out of any of their functions.

(2)

In particular, the Authority may—

(a)

acquire or dispose of land or other property,

(b)

enter into contracts,

(c)

form bodies corporate or subscribe for shares or stock,

(d)

invest any sums not immediately required for the purpose of carrying out their functions,

(e)

accept gifts of money, land or other property, and

(f)

borrow money.

Notes on the whole Act

F1: Act repealed (1.11.1996) by 1996 c. 56, ss. 582(2)(3), 583(2), Sch. 38 Pt. I (with savings in ss. 1(4), 561, 562, Sch. 39); Sch. 13 paras. 6, 7 as saved continued (1.9.1999) by S.I. 1999/2267, reg. 2(2); and s. 154(4) expressed to be amended (11.9.1998) by 1998 c. 18, ss. 54(1), 55(2), Sch. 3 para. 25 (which amendment fell (1.4.1999) by reason of the repeal of the said Sch. 3 para. 25 by 1998 c. 31, s. 140(3), Sch. 31; S.I. 1999/1016, art. 2(1), Sch. 1)

I1: Sch. 14 wholly in force at 1.10.1993 see s. 308(3) and S.I. 1993/1975, art.9, Sch. 1