Part II Higher education

Funds

I165 Administration of funds by F14the HEFCW.

1

F7The HEFCW shall be responsible, subject to the provisions of this Part of this Act, for administering funds made available to F8the HEFCW by the Secretary of State and others for the purposes of providing financial support for activities eligible for funding under this section.

2

The activities eligible for funding under this section are—

a

the provision of education and the undertaking of research by higher education institutions in F9the HEFCW's area,

b

the provision of any facilities, and the carrying on of any other activities, by higher education institutions in their area which the governing bodies of those institutions consider it necessary or desirable to provide or carry on for the purpose of or in connection with education or research,

c

the provision—

i

by institutions in their area maintained or assisted by F3local authorities, or

ii

by such institutions in their area as are within the further education sector,

of prescribed courses of higher education, and

d

the provision by any person of services for the purposes of, or in connection with, the provision of education or the undertaking of research by institutions within the higher education sector.

3

F10The HEFCW may—

C1a

make grants, loans or other payments to the governing body of any higher education institution in respect of expenditure incurred or to be incurred by them for the purposes of any activities eligible for funding under this section by virtue of subsection (2)(a) or (b) above, and

b

make grants, loans or other payments to any persons in respect of expenditure incurred or to be incurred by them for the purposes of the provision as mentioned in subsection (2)(c) above of prescribed courses of higher education or the provision of services as mentioned in subsection (2)(d) above,

subject in each case to such terms and conditions as F11the HEFCW think fit.

F13A

In the application of subsection (3) above to any grants, loans or other payments by F4the HEFCW, the reference to expenditure incurred or to be incurred by the governing body of a higher education institution as mentioned in paragraph (a) of that subsection includes a reference to expenditure incurred or to be incurred by any connected institution to which the governing body propose, with the consent of F5the HEFCW, to pay the whole or part of any such grants, loans or other payments.

3B

In subsection (3A) “connected institution”, in relation to a higher education institution, means any college, school, hall or other institution which F6the HEFCW are satisfied has a sufficient connection with that institution for the purposes of that subsection.

4

The terms and conditions on which F12the HEFCW may make any grants, loans or other payments under this section may in particular—

a

enable F13the HEFCW to require the repayment, in whole or in part, of sums paid by F13the HEFCW if any of the terms and conditions subject to which the sums were paid is not complied with, and

b

require the payment of interest in respect of any period during which a sum due to F13the HEFCW in accordance with any of the terms and conditions remains unpaid,

but shall not relate to the application by the body to whom the grants or other payments are made of any sums derived otherwise than from F13the HEFCW.

F24A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F24B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

In this section and section 66 of this Act “higher education institution” means a university, an institution conducted by a higher education corporation or a designated institution.