Clause 52
Housing and Regeneration Bill
1:30 pm
Iain Wright (Parliamentary Under-Secretary, Department for Communities and Local Government; Hartlepool, Labour)
The right hon. Gentleman might be disappointed to hear that it is still in operation; it is still technically alive. However, he is correct that all new towns have been wound up. The CNT calls them residuary assets, which were not transferred back to the local authority at that time. He mentioned roundabouts—I imagine that it is that sort of thing. I have not got details to hand, but could provide the Committee with them if it wishes. However, given that the residuary assets will be held by the agency, which will have responsibilities towards them, it will take over the commission’s functions in respect of those assets.
There is always the possibility that the Government will choose to establish new new-town development corporations to help with, for example—