Article 3 Transfer of property, rights, liabilities and obligations

There are transferred to the TSB all property, rights, liabilities and obligations held, acquired or incurred by the Secretary of State on or before 1st July 2007—

(a)

arising under or in relation to the contracts specified in Schedule 1, subject to the exceptions specified in that Schedule;

(b)

arising under or in relation to grants awarded by the Secretary of State under section 5(1) of the Science and Technology Act 1965^f1 under—

(i)

the schemes for the transfer of knowledge and expertise which are specified in Part 1 of Schedule 2;

(ii)

the Collaborative Research and Development Schemes which are specified in Part 2 of Schedule 2, subject to the exception specified in that Part;

(iii)

the Knowledge Transfer Network Schemes which are specified in Part 3 of Schedule 2; and

(iv)

the other grant schemes relating to research and development which are specified in Part 4 of Schedule 2;

(c)

arising under or in relation to the grants awarded under section 5(1) of that Act which are specified in Schedule 3;

(d)

arising under or in relation to a contract of employment of a person who before 1st July 2007—

(i)

agreed to become an employee of the TSB; or

(ii)

accepted an offer of employment from the TSB,

and who was at the time of that agreement or acceptance an official employed in the Department of Trade and Industry; and

(e)

otherwise arising in connection with—

(i)

any of the matters to which the contracts referred to in paragraph (a) or (d) relate; or

(ii)

the award or administration of any of the grants or schemes referred to in paragraph (b) or (c),

whether imposed by or under any statutory provision, in relation to any civil proceedings, or otherwise.

Annotations

Footnotes

f1: 1965 c.4. In 1992, the powers conferred on the Secretary of State by section 5(1) were made exercisable concurrently with the Minister for the Civil Service and the Chancellor of the Duchy of Lancaster (articles 2(2)(a) and 3 of S.I. 1992/1296), but from 1st January 1996, they were vested solely in the Secretary of State (articles 3(3)(a) and 5(1) of, and paragraph 1(2) of the Schedule to, S.I. 1995/2985). From 15th November 1999, the powers under section 5(1)(a) and (c) were made exercisable concurrently with the Minister of Agriculture, Fisheries and Food (article 2(1) and (2) of S.I. 1999/2785).