(1)On the appointed day—
(a)the Further Education Funding Council for England shall be dissolved, and
(b)all property, rights and liabilities to which it was entitled or subject immediately before that day shall by virtue of this section become property, rights and liabilities of the Learning and Skills Council for England.
(2)The appointed day is the day appointed under section 154 for the commencement of this section.
(1)The Secretary of State may make a scheme providing for the transfer of any of the property, rights and liabilities of the Further Education Funding Council for England to any of the listed transferees.
(2)The listed transferees are—
(a)the Secretary of State;
(b)Her Majesty’s Chief Inspector of Schools in England;
(c)the Adult Learning Inspectorate.
(3)A scheme under this section may include such supplementary, incidental, consequential or transitional provisions as the Secretary of State thinks are appropriate.
(4)A scheme under this section comes into force on the day it specifies for it to come into force.
(5)When a scheme under this section comes into force it has effect to transfer (in accordance with its provisions) the property, rights and liabilities to which it applies.
(6)The day specified by a scheme under this section for the scheme to come into force must fall before the day appointed under section 154 for the commencement of section 89.
(1)On the appointed day—
(a)the Further Education Funding Council for Wales shall be dissolved, and
(b)all property, rights and liabilities to which it was entitled or subject immediately before that day shall by virtue of this section become property, rights and liabilities of the National Council for Education and Training for Wales.
(2)The appointed day is the day appointed under section 154 for the commencement of this section.