Further and Higher Education Act 1992

67 Payments in respect of persons employed in provision of higher or further education

(1) In section 133 of the [1988 c. 40.] Education Reform Act 1988 (payments by PCFC in respect of persons employed in the provision of higher or further education) for subsection (1) there is substituted—

“(1) A higher education funding council shall have power to make payments, subject to such terms and conditions as the council think fit, to—

(a) any local education authority in their area;

(b) the London Residuary Body;

(c) the London Pensions Fund Authority; and

(d) the governing body of any institution designated under section 129 of this Act, as originally enacted;

in respect of relevant expenditure incurred or to be incurred by that authority or body of any class or description prescribed for the purposes of this section.”

(2) In subsection (2)(a) of that section (meaning of relevant expenditure) after “education authority” there is inserted “the London Residuary Body or the London Pensions Fund Authority”.

(3) At the end of subsection (3) of that section (meaning of references to higher and further education) there is added “and in any other case the reference to further education shall be read as a reference to further education within the meaning of section 41 of the 1944 Act as that section had effect on that date”.

(4) In subsection (4) of that section (duty to give information) after paragraph (a) there is inserted—

“(aa) the London Residuary Body;

(ab) the London Pensions Fund Authority”.

(5) That section as originally enacted shall have effect, or be treated as having had effect, as if—

(a) in subsection (1), in relation to anything done before regulations for the purposes of that subsection were in force, the words “of any class or description prescribed for the purposes of this section” were omitted, and

(b) in subsections (1) and (2) the references to a local education authority included the London Residuary Body and the London Pensions Fund Authority.