SCHEDULES

SCHEDULE 31 Urban Development Corporations: Finance etc.

Part II Finance

Financial duties

2

1

After consultation with a corporation, the Secretary of State may, with the Treasury’s approval, determine the financial duties of the corporation, and different determinations may be made in relation to different corporations or for different functions and activities of the same corporation.

2

The Secretary of State shall give the corporation notice of every determination, and a determination may—

a

relate to a period beginning before the date on which it is made;

b

contain incidential or supplementary provisions;

c

be varied by a subsequent determination.