SCHEDULES
SCHEDULE 1Probation trusts: further provisions
General powers
I112
1
A probation trust has power to do anything (including acquiring and disposing of property and accepting gifts) which appears to it to facilitate, or to be conducive or incidental to—
a
the achievement of its purposes; or
b
the performance of any functions conferred on it by any enactment (whenever passed or made).
2
But a probation trust—
a
may not hold land (though it may manage land held by another);
b
may not—
i
borrow money, whether by way of overdraft or otherwise; or
ii
invest sums not immediately required for achieving its purposes,
without the approval of the Secretary of State.
3
Approval under sub-paragraph (2)(b) may be general or specific.
4
In this paragraph “enactment” includes subordinate legislation (within the meaning of the Interpretation Act 1978 (c. 30)).