http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05Further Education Act 1985An Act to empower local education authorities to supply goods and services through further education establishments and to make loans to certain other persons to enable them to do so; to repeal section 28(b) of the Sex Discrimination Act 1975; and for connected purposes.1985-07-16texttext/xmlenStatute Law Database2018-06-26Expert Participation2010-05-05 Further education establishments Powers of <Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122016721" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authorities</Substitution>.21A local authority shall have power—ato enter into an agreement for the supply of goods or services or both through an institution which is maintained by them and provides higher education or further education (or both);bto lend money for the purposes of such an agreement to a body corporate in which they have a holding such as is mentioned in subsection (8) below.2A local authority shall also have power to lend money— a to a higher education corporation , further education corporation or sixth form college corporation (within the meaning of the Further and Higher Education Act 1992);bin the case of the following institutions—ian institution within the higher education sector which is not conducted by a higher education corporation;iian institution within the further education sector which is not conducted by a further education corporation or a sixth form college corporation; oriiian institution which provides higher education or further education and is assisted by a local authority, to the governing body of the institution or, if it is conducted by a company, to the company; orcto a body corporate in which such a corporation or company as is mentioned in paragraph (a) or (b) above has a holding such as is mentioned in subsection (8) below,if the loan is for the purposes of an agreement for the supply of goods or services or both through the institution conducted by the corporation, company or governing body.3Subject to the following provisions of this section, a local authority shall not under an agreement under subsection (1)(a) above supply goods or services for less than their open market value.4Subsection (3) above does not apply to the supply of goods or services where the goods are produced, or the goods or services are supplied, in the normal course of any of the educational activities mentioned in section 1(3)(a) above, or where the supply is—afor a body which is a Research Council for the purposes of the Science and Technology Act 1965 or for the Arts and Humanities Research Council (as defined by section 1 of the Higher Education Act 2004) ; orbfor a body specified in an order under subsection (5) below.5The Secretary of State may by order made by statutory instrument provide that any person who is specified in the order or is of a description so specified, being a person or description of persons appearing to the Secretary of State to be exercising functions of a public nature, shall be a public body for the purposes of this Act; and any statutory instrument made by virtue of this subsection shall be subject to annulment in pursuance of a resolution of either House of Parliament.6An order under subsection (5) above may contain such provisions as the Secretary of State considers appropriate—afor restricting the application of subsection (4)(b) above to agreements of a description specified in the order;bwithout prejudice to paragraph (a) above, for securing the inclusion of terms imposing restrictions in any agreement to which subsection (4)(b) above applies and which is made by a body to which the order applies.7For the purposes of this Act the open market value of goods or services shall be taken to be the amount of the consideration in money that would be payable for the supply by a person standing in no such relationship with any person as would affect that consideration.8The holding referred to in subsections (1)(b) and ( 2)(c) above is a holding of not less than 20 per cent. of the issued shares comprised in the share capital of the body corporate and carrying rights to vote in all circumstances at general meetings of the body corporate.9Money may be lent under this section for the purposes of an agreement either before the agreement is made or during its currency.10Nothing in this section shall be construed as derogating from any powers exercisable by a local authority apart from this section.Words substituted by Education Reform Act 1988 (c. 40, SIF 41:1), ss. 231(7), 235(6), 237(1), Sch. 12 para. 93(2)S. 2(2)(a)-(c) substituted (30.9.1992) by Further and Higher Education Act 1992 (c. 13), s. 93(1), Sch. 8 Pt. I para. 21 (1); S.I. 1992/831, art. 2, Sch. 2Words substituted by Education Reform Act 1988 (c. 40, SIF 41:1), ss. 231(7), 235(6), 237(1), Sch. 12 para. 93(4)1965 c. 4. Words substituted by Education Reform Act 1988 (c. 40, SIF 41:1), ss. 237(1), Sch. 12 para. 93(5)Words in s. 2(8) substituted (30.9.1992)) by Further and Higher Education Act 1992 (c. 13), s. 93(1), Sch. 8 Pt. I para. 21(2); S.I. 1992/831, art. 2, Sch. 2Words in s. 2(4)(a) inserted (16.12.2004) by Higher Education Act 2004 (c. 8), s. 52(2), Sch. 6 para. 6; S.I. 2004/3255, art. 2Words in s. 2(2)(a) substituted (1.4.2010) by The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010 (S.I. 2010/1080), art. 1(2)(a), Sch. 1 para. 87(a) (with art. 2(3))Words in s. 2(2)(b)(ii) inserted (1.4.2010) by The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010 (S.I. 2010/1080), art. 1(2)(a), Sch. 1 para. 87(b) (with art. 2(3))Words in Act substituted (5.5.2010) by The Local Education Authorities and Children's Services Authorities (Integration of Functions) Order 2010 (S.I. 2010/1158), art. 1, Sch. 2 para. 2(2)
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47" NumberOfProvisions="8" RestrictEndDate="2010-10-01" xml:lang="en" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2010-05-05">
<ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
<dc:identifier>http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05</dc:identifier>
<dc:title>Further Education Act 1985</dc:title>
<dc:description>An Act to empower local education authorities to supply goods and services through further education establishments and to make loans to certain other persons to enable them to do so; to repeal section 28(b) of the Sex Discrimination Act 1975; and for connected purposes.</dc:description>
<dc:date>1985-07-16</dc:date>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2018-06-26</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2010-05-05</dct:valid>
<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/1985/47/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/1985/47/2010-05-05" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/1985/47/introduction/2010-05-05" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/1985/47/body/2010-05-05" title="body"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/1985/47/contents/2010-05-05" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-04-01" title="2010-04-01"/>
<atom:link rel="http://purl.org/dc/terms/isReplacedBy" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2018-04-01" title="2018-04-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/enacted" title="enacted"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/1991-02-01" title="1991-02-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/1992-09-30" title="1992-09-30"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2004-12-16" title="2004-12-16"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-04-01" title="2010-04-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2018-04-01" title="2018-04-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1985/47/section/2" title="current"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/1985/47/2010-05-05" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/1985/47/section/1/2010-05-05" title="Provision; Section 1"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/1985/47/section/1/2010-05-05" title="Provision; Section 1"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/1985/47/section/3/2010-05-05" title="Provision; Section 3"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/1985/47/section/3/2010-05-05" title="Provision; Section 3"/>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="1985"/>
<ukm:Number Value="47"/>
<ukm:EnactmentDate Date="1985-07-16"/>
</ukm:PrimaryMetadata>
<ukm:Alternatives>
<ukm:Alternative Date="2008-10-27" URI="http://www.legislation.gov.uk/ukpga/1985/47/pdfs/ukpga_19850047_en.pdf" Title="Print Version"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="8"/>
<ukm:BodyParagraphs Value="8"/>
<ukm:ScheduleParagraphs Value="0"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</ukm:Metadata>
<Primary>
<Body DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/body/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/body" NumberOfProvisions="8" RestrictStartDate="2010-05-05" RestrictEndDate="2010-10-01">
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/crossheading/further-education-establishments/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/crossheading/further-education-establishments" NumberOfProvisions="3" RestrictEndDate="2015-04-01" RestrictExtent="E+W" id="crossheading-further-education-establishments" RestrictStartDate="2010-05-05">
<Title> Further education establishments</Title>
<P1group RestrictEndDate="2018-04-01" RestrictExtent="E+W" RestrictStartDate="2010-05-05">
<Title>
Powers of
<Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122016721" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authorities</Substitution>
.
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2" id="section-2">
<Pnumber>2</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/1/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/1" id="section-2-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>
A
<Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122094082" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authority</Substitution>
shall have power—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/1/a/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/1/a" id="section-2-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
to enter into an agreement for the supply of goods or services or both through
<Addition ChangeId="d29p73" CommentaryRef="c946539">an institution which is maintained by them and provides higher education or further education (or both)</Addition>
;
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/1/b/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/1/b" id="section-2-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>to lend money for the purposes of such an agreement to a body corporate in which they have a holding such as is mentioned in subsection (8) below.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2" id="section-2-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>
A
<Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122133799" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authority</Substitution>
shall also have power to lend money—
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/a/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2/a" id="section-2-2-a">
<Pnumber>
<CommentaryRef Ref="c946540"/>
<Addition ChangeId="d29p89"> a </Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p89"> to a higher education corporation </Addition>
<Addition ChangeId="d29p89">
<Substitution ChangeId="key-94b4095ca5511792b2240ce30cfa3b78-1441121273689" CommentaryRef="key-94b4095ca5511792b2240ce30cfa3b78">, further education corporation or sixth form college corporation</Substitution>
</Addition>
<Addition ChangeId="d29p89"> (within the meaning of the Further and Higher Education Act 1992);</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/b/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2/b" id="section-2-2-b">
<Pnumber>
<Addition ChangeId="d29p89">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p89">in the case of the following institutions—</Addition>
</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/b/i/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2/b/i" id="section-2-2-b-i">
<Pnumber>
<Addition ChangeId="d29p89">i</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="d29p89">an institution within the higher education sector which is not conducted by a higher education corporation;</Addition>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/b/ii/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2/b/ii" id="section-2-2-b-ii">
<Pnumber>
<Addition ChangeId="d29p89">ii</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="d29p89">an institution within the further education sector which is not conducted by a further education corporation </Addition>
<Addition ChangeId="d29p89">
<Addition ChangeId="key-d64385189caac34855c6fafb16a383d8-1441121324108" CommentaryRef="key-d64385189caac34855c6fafb16a383d8">or a sixth form college corporation</Addition>
</Addition>
<Addition ChangeId="d29p89">; or</Addition>
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/b/iii/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2/b/iii" id="section-2-2-b-iii">
<Pnumber>
<Addition ChangeId="d29p89">iii</Addition>
</Pnumber>
<P4para>
<Text>
<Addition ChangeId="d29p89">an institution which provides higher education or further education and is assisted by a </Addition>
<Addition ChangeId="d29p89">
<Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122162800" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authority</Substitution>
</Addition>
<Addition ChangeId="d29p89">,</Addition>
</Text>
</P4para>
</P4>
<Text>
<Addition ChangeId="d29p89"> to the governing body of the institution or, if it is conducted by a company, to the company; or</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/2/c/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/2/c" id="section-2-2-c">
<Pnumber>
<Addition ChangeId="d29p89">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p89">to a body corporate in which such a corporation or company as is mentioned in paragraph (a) or (b) above has a holding such as is mentioned in subsection (8) below</Addition>
,
</Text>
</P3para>
</P3>
</P2para>
</P2>
<BlockText>
<Para>
<Text>
if the loan is for the purposes of an agreement for the supply of goods or services or both through the
<Addition ChangeId="d29p135" CommentaryRef="c946541">institution conducted by the corporation, company or governing body</Addition>
.
</Text>
</Para>
</BlockText>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/3/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/3" id="section-2-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>
Subject to the following provisions of this section, a
<Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122192658" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authority</Substitution>
shall not under an agreement under subsection (1)(a) above supply goods or services for less than their open market value.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/4/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/4" id="section-2-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>Subsection (3) above does not apply to the supply of goods or services where the goods are produced, or the goods or services are supplied, in the normal course of any of the educational activities mentioned in section 1(3)(a) above, or where the supply is—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/4/a/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/4/a" id="section-2-4-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
for a body which is a Research Council for the purposes of the
<CommentaryRef Ref="c946542"/>
Science and Technology Act 1965
<Addition ChangeId="key-79b9d88155143c405694b027b743399b-1441120437945" CommentaryRef="key-79b9d88155143c405694b027b743399b">or for the Arts and Humanities Research Council (as defined by section 1 of the Higher Education Act 2004) </Addition>
; or
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/4/b/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/4/b" id="section-2-4-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>for a body specified in an order under subsection (5) below.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/5/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/5" id="section-2-5">
<Pnumber>5</Pnumber>
<P2para>
<Text>The Secretary of State may by order made by statutory instrument provide that any person who is specified in the order or is of a description so specified, being a person or description of persons appearing to the Secretary of State to be exercising functions of a public nature, shall be a public body for the purposes of this Act; and any statutory instrument made by virtue of this subsection shall be subject to annulment in pursuance of a resolution of either House of Parliament.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/6/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/6" id="section-2-6">
<Pnumber>6</Pnumber>
<P2para>
<Text>An order under subsection (5) above may contain such provisions as the Secretary of State considers appropriate—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/6/a/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/6/a" id="section-2-6-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>for restricting the application of subsection (4)(b) above to agreements of a description specified in the order;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/6/b/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/6/b" id="section-2-6-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>without prejudice to paragraph (a) above, for securing the inclusion of terms imposing restrictions in any agreement to which subsection (4)(b) above applies and which is made by a body to which the order applies.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/7/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/7" id="section-2-7">
<Pnumber>7</Pnumber>
<P2para>
<Text>For the purposes of this Act the open market value of goods or services shall be taken to be the amount of the consideration in money that would be payable for the supply by a person standing in no such relationship with any person as would affect that consideration.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/8/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/8" id="section-2-8">
<Pnumber>8</Pnumber>
<P2para>
<Text>
The holding referred to in subsections (1)(b)
<Addition ChangeId="d29p201" CommentaryRef="c946543">and </Addition>
<Addition ChangeId="d29p201" CommentaryRef="c946543">
<Addition ChangeId="d29p203" CommentaryRef="c946544">( 2)(c)</Addition>
</Addition>
above is a holding of not less than 20 per cent. of the issued shares comprised in the share capital of the body corporate and carrying rights to vote in all circumstances at general meetings of the body corporate.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/9/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/9" id="section-2-9">
<Pnumber>9</Pnumber>
<P2para>
<Text>Money may be lent under this section for the purposes of an agreement either before the agreement is made or during its currency.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1985/47/section/2/10/2010-05-05" IdURI="http://www.legislation.gov.uk/id/ukpga/1985/47/section/2/10" id="section-2-10">
<Pnumber>10</Pnumber>
<P2para>
<Text>
Nothing in this section shall be construed as derogating from any powers exercisable by a
<Substitution ChangeId="key-b0b1b583d413394436c59b68a8cc94d3-1441122237181" CommentaryRef="key-b0b1b583d413394436c59b68a8cc94d3">local authority</Substitution>
apart from this section.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Pblock>
</Body>
</Primary>
<Commentaries>
<Commentary id="c946539" Type="F">
<Para>
<Text>
Words substituted by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1988/40" id="c00014" Year="1988" Class="UnitedKingdomPublicGeneralAct" Number="40" Title="Education Reform Act 1988">Education Reform Act 1988 (c. 40, SIF 41:1)</Citation>
,
<CitationSubRef id="c00015" CitationRef="c00014" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/231/7" SectionRef="section-231-7">ss. 231(7)</CitationSubRef>
,
<CitationSubRef id="c00016" CitationRef="c00014" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/235/6" SectionRef="section-235-6">235(6)</CitationSubRef>
,
<CitationSubRef id="c00017" CitationRef="c00014" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/237/1" SectionRef="section-237-1">237(1)</CitationSubRef>
,
<CitationSubRef id="c00018" CitationRef="c00014" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/schedule/12/paragraph/93/2" Operative="true" SectionRef="schedule-12-paragraph-93-2">Sch. 12 para. 93(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c946540" Type="F">
<Para>
<Text>
S. 2(2)(a)-(c) substituted (30.9.1992) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1992/13" id="c00020" Year="1992" Class="UnitedKingdomPublicGeneralAct" Number="13" Title="Further and Higher Education Act 1992">Further and Higher Education Act 1992 (c. 13)</Citation>
,
<CitationSubRef id="c00021" CitationRef="c00020" URI="http://www.legislation.gov.uk/id/ukpga/1992/13/section/93/1" SectionRef="section-93-1">s. 93(1)</CitationSubRef>
,
<CitationSubRef id="c00022" CitationRef="c00020" URI="http://www.legislation.gov.uk/id/ukpga/1992/13/schedule/8/part/I/paragraph/21" Operative="true" SectionRef="schedule-8-part-I-paragraph-21">Sch. 8 Pt. I para. 21</CitationSubRef>
(1);
<Citation URI="http://www.legislation.gov.uk/id/uksi/1992/831" id="c00023" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="831">S.I. 1992/831</Citation>
,
<CitationSubRef id="c00024" CitationRef="c00023" URI="http://www.legislation.gov.uk/id/uksi/1992/831/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c00025" CitationRef="c00023" URI="http://www.legislation.gov.uk/id/uksi/1992/831/schedule/2" Operative="true" SectionRef="schedule-2">Sch. 2</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c946541" Type="F">
<Para>
<Text>
Words substituted by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1988/40" id="c00026" Year="1988" Class="UnitedKingdomPublicGeneralAct" Number="40" Title="Education Reform Act 1988">Education Reform Act 1988 (c. 40, SIF 41:1)</Citation>
,
<CitationSubRef id="c00027" CitationRef="c00026" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/231/7" SectionRef="section-231-7">ss. 231(7)</CitationSubRef>
,
<CitationSubRef id="c00028" CitationRef="c00026" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/235/6" SectionRef="section-235-6">235(6)</CitationSubRef>
,
<CitationSubRef id="c00029" CitationRef="c00026" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/237/1" SectionRef="section-237-1">237(1)</CitationSubRef>
,
<CitationSubRef id="c00030" CitationRef="c00026" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/schedule/12/paragraph/93/4" Operative="true" SectionRef="schedule-12-paragraph-93-4">Sch. 12 para. 93(4)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c946542" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1965/4" id="c00031" Year="1965" Class="UnitedKingdomPublicGeneralAct" Number="4">1965 c. 4</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c946543" Type="F">
<Para>
<Text>
Words substituted by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1988/40" id="c00032" Year="1988" Class="UnitedKingdomPublicGeneralAct" Number="40" Title="Education Reform Act 1988">Education Reform Act 1988 (c. 40, SIF 41:1)</Citation>
,
<CitationSubRef id="c00033" CitationRef="c00032" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/section/237/1" SectionRef="section-237-1">ss. 237(1)</CitationSubRef>
,
<CitationSubRef id="c00034" CitationRef="c00032" URI="http://www.legislation.gov.uk/id/ukpga/1988/40/schedule/12/paragraph/93/5" Operative="true" SectionRef="schedule-12-paragraph-93-5">Sch. 12 para. 93(5)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c946544" Type="F">
<Para>
<Text>
Words in s. 2(8) substituted (30.9.1992)) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1992/13" id="c00036" Year="1992" Class="UnitedKingdomPublicGeneralAct" Number="13" Title="Further and Higher Education Act 1992">Further and Higher Education Act 1992 (c. 13)</Citation>
,
<CitationSubRef id="c00037" CitationRef="c00036" URI="http://www.legislation.gov.uk/id/ukpga/1992/13/section/93/1" SectionRef="section-93-1">s. 93(1)</CitationSubRef>
,
<CitationSubRef id="c00038" CitationRef="c00036" URI="http://www.legislation.gov.uk/id/ukpga/1992/13/schedule/8/part/I/paragraph/21/2" Operative="true" SectionRef="schedule-8-part-I-paragraph-21-2">Sch. 8 Pt. I para. 21(2)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/1992/831" id="c00039" Class="UnitedKingdomStatutoryInstrument" Year="1992" Number="831">S.I. 1992/831</Citation>
,
<CitationSubRef id="c00040" CitationRef="c00039" URI="http://www.legislation.gov.uk/id/uksi/1992/831/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c00041" CitationRef="c00039" URI="http://www.legislation.gov.uk/id/uksi/1992/831/schedule/2" Operative="true" SectionRef="schedule-2">Sch. 2</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-79b9d88155143c405694b027b743399b" Type="F">
<Para>
<Text>
Words in s. 2(4)(a) inserted (16.12.2004) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2004/8" id="cvnt0vic1-00007" Class="UnitedKingdomPublicGeneralAct" Year="2004" Number="8" Title="Higher Education Act 2004">Higher Education Act 2004 (c. 8)</Citation>
,
<CitationSubRef id="cvnt0vic1-00008" CitationRef="cvnt0vic1-00007" URI="http://www.legislation.gov.uk/id/ukpga/2004/8/section/52/2" SectionRef="section-52-2">s. 52(2)</CitationSubRef>
,
<CitationSubRef id="cvnt0vic1-00009" CitationRef="cvnt0vic1-00007" URI="http://www.legislation.gov.uk/id/ukpga/2004/8/schedule/6/paragraph/6" SectionRef="schedule-6-paragraph-6" Operative="true">Sch. 6 para. 6</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2004/3255" id="cvnt0vic1-00010" Class="UnitedKingdomStatutoryInstrument" Year="2004" Number="3255" Title="Higher Education Act 2004 (Commencement No.2) Order 2004">S.I. 2004/3255</Citation>
,
<CitationSubRef id="cvnt0vic1-00011" CitationRef="cvnt0vic1-00010" URI="http://www.legislation.gov.uk/id/uksi/2004/3255/article/2" SectionRef="article-2">art. 2</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-94b4095ca5511792b2240ce30cfa3b78" Type="F">
<Para>
<Text>
Words in s. 2(2)(a) substituted (1.4.2010) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2010/1080" id="cvntk9kz1-00007" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="1080" Title="The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010">The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010 (S.I. 2010/1080)</Citation>
,
<CitationSubRef id="cvntk9kz1-00008" CitationRef="cvntk9kz1-00007" URI="http://www.legislation.gov.uk/id/uksi/2010/1080/article/1/2/a" SectionRef="article-1-2-a">art. 1(2)(a)</CitationSubRef>
,
<CitationSubRef id="cvntk9kz1-00009" CitationRef="cvntk9kz1-00007" URI="http://www.legislation.gov.uk/id/uksi/2010/1080/schedule/1/paragraph/87/a" SectionRef="schedule-1-paragraph-87-a" Operative="true">Sch. 1 para. 87(a)</CitationSubRef>
(with
<CitationSubRef id="cvntk9kz1-00010" CitationRef="cvntk9kz1-00007" URI="http://www.legislation.gov.uk/id/uksi/2010/1080/article/2/3" SectionRef="article-2-3">art. 2(3)</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-d64385189caac34855c6fafb16a383d8" Type="F">
<Para>
<Text>
Words in s. 2(2)(b)(ii) inserted (1.4.2010) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2010/1080" id="cvntk9kz1-00017" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="1080" Title="The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010">The Apprenticeships, Skills, Children and Learning Act 2009 (Consequential Amendments) (England and Wales) Order 2010 (S.I. 2010/1080)</Citation>
,
<CitationSubRef id="cvntk9kz1-00018" CitationRef="cvntk9kz1-00017" URI="http://www.legislation.gov.uk/id/uksi/2010/1080/article/1/2/a" SectionRef="article-1-2-a">art. 1(2)(a)</CitationSubRef>
,
<CitationSubRef id="cvntk9kz1-00019" CitationRef="cvntk9kz1-00017" URI="http://www.legislation.gov.uk/id/uksi/2010/1080/schedule/1/paragraph/87/b" SectionRef="schedule-1-paragraph-87-b" Operative="true">Sch. 1 para. 87(b)</CitationSubRef>
(with
<CitationSubRef id="cvntk9kz1-00020" CitationRef="cvntk9kz1-00017" URI="http://www.legislation.gov.uk/id/uksi/2010/1080/article/2/3" SectionRef="article-2-3">art. 2(3)</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-b0b1b583d413394436c59b68a8cc94d3" Type="F">
<Para>
<Text>
Words in Act substituted (5.5.2010) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2010/1158" id="cvqe1th01-00007" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="1158" Title="The Local Education Authorities and Children’s Services Authorities (Integration of Functions) Order 2010">The Local Education Authorities and Children's Services Authorities (Integration of Functions) Order 2010 (S.I. 2010/1158)</Citation>
,
<CitationSubRef id="cvqe1th01-00008" CitationRef="cvqe1th01-00007" URI="http://www.legislation.gov.uk/id/uksi/2010/1158/article/1" SectionRef="article-1">art. 1</CitationSubRef>
,
<CitationSubRef id="cvqe1th01-00009" CitationRef="cvqe1th01-00007" URI="http://www.legislation.gov.uk/id/uksi/2010/1158/schedule/2/paragraph/2/2" SectionRef="schedule-2-paragraph-2-2" Operative="true">Sch. 2 para. 2(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>