Where a highway becomes a trunk road, then, subject to the provisions of this section, as from the date on which the highway becomes a trunk road ("the operative date"), there are transferred to the Minister or the strategic highways company, whichever is highway authority for the trunk road, by virtue of this section—
and the highway and other property so transferred vest, by virtue of this section, in the Minister or the company.
There is not transferred to the Minister or a strategic highways company by virtue of this section any right or liability in respect of—
The property referred to in subsection (1)(b) above is—
Any property vested in the Minister or a strategic highways company by virtue of this section shall be held by him or the company subject to all covenants, conditions and restrictions subject to which the property was held by the authority or council from whom it was transferred and to all liabilities affecting the property, except liabilities referred to in subsection (2) above.
The Minister or the strategic highways company and the former highway authority may agree, on such terms as they think fit—
Any dispute between the Minister or a strategic highways company and any person as to the property or liabilities transferred by virtue of this section shall be determined by arbitration.
The foregoing provisions of this section apply in a case where a trunk road ceases to be a trunk road (otherwise than by virtue of section 10(8) above) in like manner as they apply where a highway becomes a trunk road, with the substitution—
The former highway authority shall produce to the Minister or the strategic highways company such documents relating to their functions, property and liabilities in respect of a highway which has become a trunk road, and furnish to him or it such other information relating to those matters, as he or it may require.
Schedule 21 to this Act has effect for the purpose of providing for transitional matters arising where a highway becomes a trunk road or a trunk road ceases to be a trunk road.
The enactments to which this section applies are sections 42, 50, 230(7) and 271 of this Act and sections 1, 23 and 85 of the Road Traffic Regulation Act 1984.
For the purposes of this section—
"former highway authority" means, in relation to a highway which has become a trunk road, the council in whom the highway was vested immediately before it became a trunk road; and
"property" includes property, rights and powers of every description.