7E+W[F1For section 27 substitute—
27“Proposals for dissolution of further education corporations: England
(1)This section applies if a further education corporation in England propose that the corporation should be dissolved.
(2)The corporation must publish details of the proposal, and such other information as may be prescribed, in accordance with regulations.
(3)The corporation must consult on the proposal, and take account of the views of those consulted, in accordance with regulations.
27ADissolution of further education corporations: England
(1)This section and section 27B apply if, after complying with section 27, a further education corporation in England resolve that the corporation should be dissolved on a specified date.
(2)“The dissolution date” means the date specified in a resolution under subsection (1).
(3)The corporation must notify the Secretary of State of the resolution and the dissolution date as soon as reasonably practicable.
(4)The corporation are dissolved on the dissolution date.
27BDissolution of further education corporations: England: transfer of property, rights and liabilities
(1)At any time before the dissolution date, the corporation may transfer any of their property, rights or liabilities to such person or body, or a person or body of such description, as may be prescribed.
(2)The corporation may do so only with the consent of the person or body concerned.
(3)A transfer under subsection (1) has effect on the dissolution date.
(4)Subsection (5) applies if a person or body prescribed, or of a description prescribed, under subsection (1) is not a charity established for charitable purposes which are exclusively educational purposes.
(5)Any property transferred to the person or body must be transferred on trust to be used for charitable purposes which are exclusively educational purposes.
27CDissolution of further education corporations: Wales
(1)Subject to the following provisions of this section, the Welsh Ministers may by order provide for—
(a)the dissolution of a further education corporation in Wales, and
(b)the transfer to any person mentioned in subsection (2) or (3) of property, rights and liabilities of the corporation.
(2)Such property, rights and liabilities may, with the consent of the person or body concerned, be transferred to—
(a)any person appearing to the Welsh Ministers to be wholly or mainly engaged in the provision of educational facilities or services of any description, or
(b)any body corporate established for purposes which include the provision of such facilities or services.
(3)Such property, rights and liabilities may be transferred to a higher education funding council.
(4)Where the recipient of a transfer under an order under this section is not a charity established for charitable purposes which are exclusively educational purposes, any property transferred must be transferred on trust to be used for charitable purposes which are exclusively charitable purposes.
(5)An order under this section may apply section 26 with such modifications as the Welsh Ministers consider necessary or desirable.
(6)Before making an order under this section in respect of a further education corporation, the Welsh Ministers must consult—
(a)the corporation, and
(b)the Chief Executive of Skills Funding, if the institution conducted by the corporation mainly serves the population of England, or receives financial support from the Chief Executive of Skills Funding.”]
Textual Amendments
F1Sch. 12 para. 7 omitted (1.9.2014) by virtue of Further and Higher Education (Governance and Information) (Wales) Act 2014 (anaw 1), s. 11(2), Sch. 2 para. 7; S.I. 2014/1706, art. 3(h)
Commencement Information
I1Sch. 12 para. 7 in force at 1.4.2012 by S.I. 2012/924, art. 2