151 Acceptance by Welsh Ministers of endowment for upkeep of building
Historic Environment (Wales) Act 2023 (2023 asc 3) | Legislation

151  Acceptance by Welsh Ministers of endowment for upkeep of building

(1)     This section applies where—

(a)     an instrument contains a provision purporting to be a gift of property of any kind to the Welsh Ministers on trust to use the income of the property (either for a limited time or indefinitely) for or towards the repair and maintenance of a relevant building, or of a relevant building together with other property,

(b)     the provision does not create a charitable trust, and

(c)     the Welsh Ministers accept the gift.

(2)     In this section—

“endowment trust” (“ymddiriedolaeth waddol”) means the trust referred to in subsection (1)(a);

“relevant building” (“adeilad perthnasol”) means—

(a)     a building which the Welsh Ministers

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