This section applies if an Act of the Scottish Parliament provides for any functions of a cross-border public authority to be no longer exercisable in or as regards Scotland.
Her Majesty may by Order in Council provide—
for the transfer of any property to which this section applies, or
for any person to have such rights or interests in relation to any property to which this section applies as Her Majesty considers appropriate (whether in connection with a transfer or otherwise).
This section applies to property belonging to the cross-border public authority concerned which appears to Her Majesty—
to be held or used wholly or partly for or in connection with the exercise of any of the functions concerned, or
not to be within paragraph (a) but, when last held or used for or in connection with the exercise of any function, to have been so held or used for or in connection with the exercise of any of the functions concerned.
Her Majesty may by Order in Council provide for the transfer of any liabilities—
to which the cross-border public authority concerned is subject, and
which appear to Her Majesty to have been incurred wholly or partly for or in connection with the exercise of any of the functions concerned.
No recommendation shall be made to Her Majesty in Council to make an Order under this section unless the cross-border public authority concerned has been consulted.