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(1)This section applies where the Commissioners propose to exercise the powers conferred on them by section 204 of this Act in relation to a qualifying institution.
(2)The Commissioners shall send a copy of the proposed modifications to each of the following persons, namely—
(a)the body appearing to the Commissioners to have responsibility for the management and administration of the institution’s revenue and property and the conduct of its affairs;
(b)such bodies representing qualifying institutions as appear to them to be concerned;
(c)such organisations representing staff of such institutions as appear to them to be concerned;
(d)the Universities Funding Council; and
(e)such other persons appearing to the Commissioners to be concerned as they consider it would be appropriate to consult;
and shall afford those persons a reasonable opportunity of making representations as to the issues arising.
(3)After taking into account any representations made by those persons, the Commissioners shall submit the modifications, with or without revisions, to Her Majesty in Council.
(4)Her Majesty in Council may remit for reconsideration by the Commissioners any modifications submitted under subsection (3) above; and any remission under this subsection shall be accompanied by a declaration of the reasons for it.
(5)The Commissioners shall reconsider and revise any modifications remitted under subsection (4) above; and subsections (2) to (4) above shall apply in relation to any modifications so revised as they apply in relation to modifications originally proposed.
(6)Until the coming into force of section 131 of this Act subsection (2)(d) above shall have effect as if for the reference to the Universities Funding Council there were substituted a reference to the University Grants Committee.
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