18Supplementary functions
(1)The Council may do anything which appears to it to be necessary or expedient for the purpose of or in connection with the exercise of its other functions.
(2)In particular it may—
(a)acquire and dispose of land and other property;
(b)enter into contracts;
(c)invest sums not immediately needed for the purpose of exercising its other functions;
(d)accept financial resources (whether as gifts or otherwise);
(e)accept gifts of land and other property.
(3)But the Council has no power—
(a)to borrow money;
(b)to lend money unless the Secretary of State consents;
(c)to subscribe for or otherwise acquire shares in or securities of a company unless the Secretary of State consents.
(4)The Secretary of State may by order confer or impose on the Council such supplementary powers or duties relating to the provision of post-16 education or training as he thinks fit.
(5)For the purposes of subsection (4) a power or duty is supplementary if—
(a)it is exercisable in connection with functions of the Secretary of State, and
(b)it is relevant to the provision of facilities for post-16 education or training.