Economic Development Act 2012
sec.121Infrastructure agreement continues beyond cessation of priority development area
Start here
Get a plain-English read of sec.121
Turn the raw legal text into a practical explanation grounded in Economic Development Act 2012.
sec.121 Infrastructure agreement continues beyond cessation of priority development area
This section applies if— land ceases to be in, or to be PDA-associated land for, a priority development area; and an infrastructure agreement in relation to the land was in force immediately before the land ceased to be in, or to be PDA-associated land for, the priority development area; and MEDQ has elected not to continue to be a party to the agreement. A superseding public sector entity for infrastructure that is the subject of the infrastructure agreement, and that is being provided in relation to the land, is taken to be a party to the agreement. MEDQ’s rights and responsibilities under the infrastructure agreement for the infrastructure become the rights and responsibilities of the superseding public sector entity. To remove any doubt, it is declared that sections 119 , 120 and 120A continue to apply to the infrastructure agreement. s 121 amd 2014 No. 40 s 19 ; 2016 No. 17 s 118 ; 2019 No. 11 s 63 (sec.121-ssec.1) This section applies if— land ceases to be in, or to be PDA-associated land for, a priority development area; and an infrastructure agreement in relation to the land was in force immediately before the land ceased to be in, or to be PDA-associated land for, the priority development area; and MEDQ has elected not to continue to be a party to the agreement. (sec.121-ssec.2) A superseding public sector entity for infrastructure that is the subject of the infrastructure agreement, and that is being provided in relation to the land, is taken to be a party to the agreement. (sec.121-ssec.3) MEDQ’s rights and responsibilities under the infrastructure agreement for the infrastructure become the rights and responsibilities of the superseding public sector entity. (sec.121-ssec.4) To remove any doubt, it is declared that sections 119 , 120 and 120A continue to apply to the infrastructure agreement.
- (a) land ceases to be in, or to be PDA-associated land for, a priority development area; and
- (b) an infrastructure agreement in relation to the land was in force immediately before the land ceased to be in, or to be PDA-associated land for, the priority development area; and
- (c) MEDQ has elected not to continue to be a party to the agreement.