 | |
| Annual report. |
145. - (1) Transport for London shall, as soon as possible after the end of each financial year, make to the Authority a report on the exercise and performance by Transport for London of its functions during the year.
|
| |
(2) The report shall deal with-
|
| |
(a) the contribution made by Transport for London towards the implementation of the transport strategy; |
| |
(b) the activities of any subsidiaries of Transport for London, so far as relevant to the performance of the functions of Transport for London during the year in question; |
| |
(c) any financial assistance given under section 143 above; |
| |
(d) any guarantees given under section 144(1) or (2) above; |
| |
(e) any arrangements entered into under section 144(4) above; and |
| |
(f) any indemnities given by virtue of section 144(5) above. |
| |
(3) The report made under this section in respect of any financial year shall include such information as the Mayor may from time to time specify in writing with respect to any matter the report is required to deal with by virtue of subsection (1) or (2) above.
|
| |
(4) Transport for London shall publish any report made under this section.
|
| |
(5) A copy of any report made under this section shall be kept available for the appropriate period by the Mayor for inspection by any person on request free of charge at the principal offices of the Authority at reasonable hours.
|
| |
(6) A copy of any report made under this section, or any part of any such report, shall be supplied to any person on request during the appropriate period for such reasonable fee as the Mayor may determine.
|
| |
(7) In this section "the appropriate period" in the case of a report under this section is the period of six years beginning with the date of publication of the report pursuant to this section.
|
| Restrictions on disposal of land. |
146. - (1) Neither Transport for London nor the Authority shall by virtue of any provision of this Act-
|
| |
(a) dispose of the freehold interest in any land which is or has been operational land, or |
| |
(b) grant a leasehold interest in such land for a term of more than fifty years, |
| |
without the consent of the Secretary of State.
|
| |
(2) Where an estate or interest in, or right over, any land which is or has been operational land is vested in a company which is a subsidiary of Transport for London, Transport for London shall not, without the consent of the Secretary of State, enter into any transaction or series of transactions the result of which would be that the company would cease to be a subsidiary of Transport for London.
|
| |
(3) Consent is not required under this section by reason of any land having been operational land if a period of at least five years has elapsed since the land was last operational land.
|
| |
(4) The Secretary of State may by order amend subsection (3) above by substituting a different period for that for the time being there specified.
|
| |
(5) Any consent of the Secretary of State under this section-
|
| |
(a) may be given in relation to any particular transaction or description of transactions; and |
| |
(b) may be given subject to conditions. |
| |
(6) Consent given under this section shall be given in an order made by the Secretary of State.
|
| |
(7) Any question whether land is operational land within the meaning of this section shall be determined by the Secretary of State.
|
| |
(8) In this section-
|
| |
"operational land" means- |
| |
(a) land which is used for the purpose of carrying on any railway or tramway undertaking of Transport for London's or of a subsidiary of Transport for London's; and
|
| |
(b) land in which an interest is held for that purpose;
|
| |
but paragraphs (a) and (b) above do not include land which, in respect of its nature and situation, is comparable rather with land in general than with land which is used, or in which interests are held, for the purpose of the carrying on of a railway or tramway undertaking; |
| |
"railway" and "tramway" shall be construed in accordance with section 67 of the Transport and Works Act 1992. |
| |
(9) For the purposes of this section, land-
|
| |
(a) which has at any time been used, or |
| |
(b) in which an interest has at any time been held, |
| |
for the purpose of carrying on a railway or tramway undertaking of London Regional Transport's, or of a subsidiary of London Regional Transport's, shall be treated as if that undertaking had at that time been an undertaking of Transport for London's or of a subsidiary of Transport for London's (and any question whether the land was, or had ceased to be, operational land at any time shall be determined accordingly).
|
| Control of subsidiaries. |
147. The powers of the Authority and the powers of Transport for London shall be exercised so as to ensure that a subsidiary of Transport for London-
|
| |
(a) does not do anything which Transport for London has no power to do (including anything which Transport for London has no power to do because the consent of the Secretary of State has not been obtained), |
| |
(b) does not do anything which the Mayor has directed Transport for London not to do, and |
| |
(c) does not, except with the consent of the Mayor, raise money by the issue of shares or stock to any person other than Transport for London or any other subsidiary of Transport for London. |
| Distribution of property. |
148. - (1) The Mayor may where he considers it appropriate make schemes for the transfer-
|
| |
(a) between the Authority and Transport for London or any subsidiary of Transport for London, |
| |
(b) between Transport for London and any subsidiary of Transport for London, or |
| |
(c) between any subsidiary of Transport for London and any other such subsidiary, |
| |
of any property, rights and liabilities.
|
| |
(2) The Mayor shall not without the consent of the Secretary of State make a scheme providing for the transfer of an interest in land to the Authority where the transfer would, if it were a disposal by Transport for London, require the consent of the Secretary of State under section 146 above.
|
| |
(3) The Mayor shall not, without the consent of the Secretary of State, make a scheme or series of schemes providing for the transfer of property, rights or liabilities to the Authority, the result of which would be that a company would cease to be a subsidiary of Transport for London, if the consent of the Secretary of State would be required-
|
| |
(a) under section 146 above, or |
| |
(b) under section 184 below, |
| |
had the scheme or series of schemes been a transaction or series of transactions entered into by Transport for London.
|
| |
(4) Consent given under this section shall be given in an order made by the Secretary of State.
|
| |
(5) Any question whether consent is required under this section shall be determined by the Secretary of State.
|
