The General Teaching Council

53 Power of Council to borrow money

In Part II of Schedule 1 to the 1965 Act (which makes supplementary provision in relation to the Council), for paragraph 8 there shall be substituted—

“Powers

8 (1) In addition to the powers conferred on the Council by the other provisions of this Act, the Council shall have power—

(a) to acquire, dispose of and otherwise intromit with rights in land; and

(b) to borrow money.

(2) The consent of the Scottish Ministers is required for the exercise of the power conferred by sub-paragraph (1)(b) above.”.