| Act of the Scottish Parliament | |
 | |
| Long title | An Act of the Scottish Parliament to rename Crown Estate Scotland (Interim Management); to make provision about the management of the Scottish Crown Estate; and for connected purposes. |
|---|---|
| Dates | |
| Royal assent | 15 January 2019 |
Status: Current legislation | |
The Scottish Crown Estate Act 2019 is an Act of the Scottish Parliament regarding Crown Estate Scotland.
The Bill was introduced on 24 January 2018, passed stage 1 on 19 June, stage 2 on 18 September and stage 3 on 21 November and passed by a vote of 119 to 0. [1]
After being passed by the Scottish Parliament, the bill received Royal Assent on 15 January 2019. This Act of the Scottish Parliament renamed Crown Estate Scotland, making provisions for the management of the estate. [2]
The responsible body of the estate is Crown Estate Scotland as determined by the Act. [3]
The passing of the Act in 2019 includes options for two other routes for the management of the crown estate assets including transfer or delegation. [4]
The Act states who can manage Crown Estate assets and their responsibilities including for planning, reporting and accounting. The Act also states how management may be devolved within Scotland. [1]
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Crown Estate Scotland is the self-financing public corporation of the Scottish Government responsible for the management of land and property in Scotland owned by the monarch 'in right of the Crown'. It was separated from the Crown Estate of the United Kingdom under the Scotland Act 2016. It is responsible for a range of rural, coastal, urban and marine assets across Scotland. The monarch remains the legal owner of these assets, but they do not form the private property of the monarch, and cannot be sold by the monarch. The primary purpose of Crown Estate Scotland is to invest in property, natural resources, and places to create lasting value for the people of Scotland. Surplus revenue does not belong to the monarch, but is paid to the Scottish Consolidated Fund which in turn helps finance the Scottish Government.
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