Section 17 Power to enter into agreements with London Docklands Development Corporation

(1)

For the purposes of enabling the works to be constructed, maintained and operated the Corporation may enter into such agreements with the development corporation as the parties think fit and, without prejudice to the generality of the foregoing, such agreements may provide—

(a)

for the use of the land of the development corporation for the purposes of constructing, maintaining and using the works and for the purchase or leasing of any such lands or the grant of easements and rights therein or thereover for such purposes; and

(b)

for the development corporation to contribute to or pay all the expenditure incurred or to be incurred by the Corporation in carrying out, maintaining and operating the works (including the acquisition of land), but no contribution or payment shall be made by the development corporation under any such agreement without the consent of the Secretary of State with the concurrence of the Treasury, as required by subsection (5) of section 136 of the 1980 c. 65.Local Government, Planning and Land Act 1980.

(2)

No agreement under subsection (1) above shall enable the development corporation to dispose of any land (including any interest in or right over land) by way of gift, mortgage or charge.