1.—(1) The title of this Order is the Olympic Delivery Authority (Dissolution) Order 2014.
(2) It comes into force on 2nd December 2014.
(3) In this Order—
(a)“the Act” means the London Olympic Games and Paralympic Games Act 2006;
(b)“the Authority” means the Olympic Delivery Authority(1); and
(c)“the dissolution date” means 2nd December 2014.
2.—(1) The Authority is dissolved.
(2) The Schedule, which makes consequential provision in relation to the dissolution described in paragraph (1), has effect.
3. All the property, rights and liabilities to which the Authority is entitled or subject immediately before the dissolution date become on that date the property, rights and liabilities of the Secretary of State for Culture, Media and Sport.
4.—(1) As soon as reasonably practicable after the dissolution date, the Secretary of State must prepare a report on the exercise by the Authority of its functions during the period beginning on 1st April 2014 and ending on the dissolution date (“the final report”).
(2) The final report must be prepared in accordance with any directions given to the Authority by the Secretary of State under paragraph 18 of Schedule 1(2) to the Act which had effect during the period covered by the final report, and must specify any such directions.
(3) The Secretary of State must lay a copy of the final report before Parliament.
5.—(1) As soon as reasonably practicable after the dissolution date, the Secretary of State must prepare a statement of accounts of the Authority in respect of the period beginning on 1st April 2014 and ending on the dissolution date (“the final accounts”).
(2) The final accounts must be prepared in accordance with any directions given to the Authority by the Secretary of State under paragraph 18 of Schedule 1 to the Act which had effect during the period covered by the final accounts.
(3) The Secretary of State must send a copy of the final accounts to the Comptroller and Auditor General.
(4) The Comptroller and Auditor General must examine, certify and report on the final accounts, and send a copy of that report to the Secretary of State.
(5) The Secretary of State must lay before Parliament a copy of the final accounts and the report prepared by the Comptroller and Auditor General.
6.—(1) This Order does not affect the validity of anything done by or in relation to the Authority before the dissolution date.
(2) Anything (including legal proceedings) which, immediately before the dissolution date, is in the process of being done by or in relation to the Authority may be continued, so far as it relates to anything transferred by article 3, on and after the dissolution date by or in relation to the Secretary of State for Culture, Media and Sport.
(3) Anything done by or in relation to the Authority in connection with anything transferred by article 3 has effect on and after the dissolution date as if done by or in relation to the Secretary of State for Culture, Media and Sport.
(4) On and after the dissolution date, so far as is necessary or appropriate for the purposes of or in consequence of anything transferred by article 3, a reference to the Authority in any document is to be treated as a reference to the Secretary of State for Culture, Media and Sport.
Sajid Javid
Department for Culture, Media and Sport
1st December 2014