sec.9Restriction on Authority’s power to deal with property

sec.9 Restriction on Authority’s power to deal with property

Despite section 8 , the Authority must not sell an estate in fee simple in facility land without the prior written approval of the Minister. The Minister may impose conditions on a sale approved under subsection (1) . The Authority may use its property other than for performing its functions only with the Minister’s prior written approval. The Authority’s property is not distributable, whether by way of division of profits or by way of distribution of assets, among tenants of a major sports facility. s 9 amd 2022 No. 26 s 5 (sec.9-ssec.1) Despite section 8 , the Authority must not sell an estate in fee simple in facility land without the prior written approval of the Minister. (sec.9-ssec.2) The Minister may impose conditions on a sale approved under subsection (1) . (sec.9-ssec.3) The Authority may use its property other than for performing its functions only with the Minister’s prior written approval. (sec.9-ssec.4) The Authority’s property is not distributable, whether by way of division of profits or by way of distribution of assets, among tenants of a major sports facility.