Scottish Crown Estate Bill [AS INTRODUCED] CONTENTS Section P ART 1 C ROWN E STATE S COTLAND 1 Crown Estate Scotland P ART 2 C HANGES IN MANAGEMENT OF S COTTISH C ROWN E STATE ASSETS 2 Meaning of “Scottish Crown Estate”, “asset” and “manager” 3 Transfer of management function 4 Directions requiring delegation of management function 5 Delegation agreements 6 Meaning of “community organisation” P ART 3 M ANAGEMENT OF S COTTISH C ROWN E STATE ASSETS Managers’ powers and duties 7 Duty to maintain and enhance value 8 Power to act as owner 9 Transactions on behalf of Her Majesty 10 Disposals requiring Ministerial consent 11 Duty to obtain market value 12 Meaning of “market value” 13 Directions about rent and other charges 14 Maximum period of leases etc. 15 Prohibition on securities 16 Investment of money 17 Charitable donation 18 Transparency and accountability 19 Equalities Planning and reporting 20 Strategic management plan 21 Review of strategic plan 22 Management plans 23 Preparation and revision of management plans SP Bill 24 Session 5 (2018) ii Scottish Crown Estate Bill 24 Annual report 25 Laying and publication of annual reports Financial matters 26 Separation of income and capital 27 Transfer of sums between income and capital accounts 28 Treatment of certain sums 29 Transfer of funds between managers 30 Grants and loans to managers 31 Grants for preparation for management changes 32 Requirement to keep accounts and records 33 Audit End of management 34 End of management Ministerial directions etc. 35 Power of Ministerial direction 36 Ministerial guidance 37 Power to delegate functions to Crown Estate Scotland 38 Provision of information or advice to the Scottish Ministers 39 Research and other activities P ART 4 G ENERAL 40 Regulations 41 Ancillary provision 42 Consequential and minor modifications 43 Interpretation 44 Commencement 45 Short title __________ Schedule 1 —Crown Estate Scotland: modification of enactments Schedule 2 —Consequential and minor modifications Scottish Crown Estate Bill 1 Part 1—Crown Estate Scotland THE FOLLOWING ACCOMPANYING DOCUMENTS ARE ALSO PUBLISHED: Explanatory Notes (SP Bill 24-EN), a Financial Memorandum (SP Bill 24-FM), a Policy Memorandum (SP Bill 24-PM) and statements on legislative competence (SP Bill 24-LC).