36E+WFor section 25 substitute—
“25 Transfer of property, etc. from foundation bodies.
(1)This section applies where a further education corporation is established to conduct an institution which, on the date the corporation is established, is a foundation or voluntary school belonging to the group of schools for which a foundation body acts under section 21 of the School Standards and Framework Act 1998.
(2)Regulations may make such provision as the Secretary of State considers necessary or expedient in connection with the transfer, in any such case, of property, rights and liabilities from the foundation body to the further education corporation.
(3)Regulations under subsection (2) may, in relation to any such transfer of property, rights or liabilities—
(a)modify any provision made by or under any of sections 23, 24, 36 and 38 of this Act and Schedule 5 to this Act;
(b)apply any such provision with or without modifications;
(c)make provision corresponding or similar to any such provision.
(4)In this section “foundation body” and “group of schools” have the same meaning as in the School Standards and Framework Act 1998.”