Scottish Development Agency Act 1975 (Version in vigour from 2010-08-01 to )
| Currency | No known outstanding effects |
| Coming into Force | 01 August 2010 |
(1) For the purpose of furthering the development of Scotland’s economy and improving its environment, there shall be established a body to be called the Scottish Development Agency (in this Act referred to as “the Agency”) which shall have the functions specified in the following provisions of this Act.(2) The Agency shall consist of a chairman and not less than eight nor more than twelve other members.(3) Subject to subsections (6) and (7) below, the chairman and other members of the Agency shall be appointed by the Secretary of State.(4) The members of the Agency shall be appointed from among persons who appear to the Secretary of State to have a wide experience of, and to have shown capacity in, industry, banking, accounting or finance, environmental matters, local government or the representation of workers, or any other field of activity which the Secretary of State considers is relevant to the discharge of the functions of the Agency.(5) The Secretary of State may appoint one or more of the Agency’s members to be deputy chairman or deputy chairmen.(6) The Secretary of State, after consultation with the chairman or chairman-designate of the Agency, shall make the first appointment of chief executive of the Agency, and thereafter the Agency may, with the approval of the Secretary of State, make subsequent appointments to that office.(7) The chief executive shall ex officio be a member of the Agency.(8) It is hereby declared that the Agency shall not be regarded as the servant or agent of the Crown or as enjoying any status, immunity or privilege of the Crown, and that the Agency’s property is not to be regarded as the property of, or property held on behalf of, the Crown.(9) The Agency shall not be exempt, except as provided by paragraph 18 of Schedule 1 to this Act, from any tax, duty, rate, levy or other charge whatsoever, whether general or local.(10) Schedule 1 to this Act shall have effect with respect to the constitution and proceedings of the Agency and other matters relating to the Agency and their members and staff.furthering economic development F3,including in that connection the provision, maintenance or safeguarding of employment;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the promotion of industrial efficiency and international competitiveness; andfurthering the improvement of the environment.providing or assisting in the provision of finance to persons carrying on or intending to carry on industrial undertakings;carrying on, or establishing and carrying on, whether by themselves or jointly with any other person, industrial undertakings;otherwise promoting or assisting the establishment, growth, . . . , modernisation or development of industry or any undertaking in an industry;providing or adapting sites and providing, adapting, modernising or reconstructing premises for industrial undertakings, or assisting any other person to do any of those things, and providing or assisting in the provision of related services or facilities;managing or assisting in the management of sites and premises for industrial undertakings;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . undertaking or assisting the undertaking of the development, re-development and improvement of the environment;bringing derelict land into use or improving its appearance; . . . such other functions as are conferred by or under this Act.promoting the private ownership of interests in industrial undertakings by the disposal of securities and other property held by the Agency or any of their subsidiaries.(3) The Agency may do anything, whether in Scotland or elsewhere, which is calculated to facilitate the discharge of their functions or is incidental or conducive to their discharge.to acquire, hold and dispose of securities;to form bodies corporate;to form partnerships with other persons;to make loans;to guarantee obligations (arising out of loans or otherwise) incurred by other persons;to make grants;
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