The New Towns Act 1981 is amended as follows.
After section 1 insert—
In section 3 (establishment of development corporations for new towns)—
in subsection (1), after "1" insert ;"or 1ZB"
in subsection (2A), after "in England" insert ;"designated under section 1"
after subsection (2A) insert— 2B Subsections (2C) and (2D) apply where the Secretary of State makes an order under this section establishing a development corporation for a locally-led new town in consequence of a proposal under section 1ZA(1). 2C The order must— a establish the corporation with the proposed name, b give effect to any proposal made by virtue of section 1ZA(3) as to the number of members to be prescribed under subsection (2ZB), c designate as the oversight authority the local authority or local authorities proposed as such, and d give effect to any proposal made by virtue of section 1ZA(8) (allocation of functions where oversight authority consists of more than one local authority). 2D The Secretary of State must exercise other functions under this Act so as to give effect to any other proposals made by virtue of section 1ZA(3).
In section 77 (regulations and orders), in each of subsections (3), (3B) and (3C), after "1," insert ."1ZB,"