THE ACT Transfers from Scottish Enterprise Section 20 (Transfer of property and liabilities)
49.South of Scotland Enterprise will, to an extent, take over some of the activities of Scottish Enterprise in the South of Scotland area. To facilitate that, section 20 allows for some of Scottish Enterprise’s property, and its liabilities, to be transferred to South of Scotland Enterprise.
50.The transfer effected by section 20 will take place on the day the section comes into force, which is to be appointed by the Scottish Ministers by regulations (see section 24).
51.Precisely what property and liabilities will transfer to South of Scotland Enterprise will be set out by the Scottish Ministers in regulations. Those regulations will be laid before the Scottish Parliament in accordance with section 30 of the Interpretation and Legislative Reform (Scotland) Act 2010.