- Latest available (Revised)
- Point in Time (03/03/2014)
- Original (As enacted)
Point in time view as at 03/03/2014.
There are currently no known outstanding effects for the Further and Higher Education (Scotland) Act 1992, Cross Heading: Educational endowments and trusts.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)Where, immediately before the first transfer date in relation to any college of further education prescribed by the Secretary of State under section 11 of this Act, an educational endowment is to any extent vested in an education authority or an officer of such an authority solely for the purposes of benefiting—
(a)the college; or
(b)students of the college,
such endowment shall, on that date, to that extent and for those purposes, be transferred to and vest in the board of management of the college.
(2)Where, immediately before the first transfer date, an educational endowment is vested in an education authority or one of their officers —
(a)for the benefit of all colleges of further education in the area of the authority; or
(b)for the benefit of any group of such colleges; or
(c)for the benefit of students of such colleges,
and any such college is a college prescribed as mentioned in subsection (1) above, the authority or, as the case may be, their officer shall continue to apply such endowment for the benefit of such college or, as the case may be, students of such college as if it had not been so prescribed.
(3)The Secretary of State may by order make such modifications as he thinks fit—
(a)to the purposes to which any relevant educational endowment may be applied; and
(b)to any conditions or provisions regarding such application,
provided that following any such modifications the purposes to which the endowment may be applied shall continue to be charitable purposes [F1(within the meaning of the Charities and Trustee Investment (Scotland) Act 2005 (asp 10) ].
(4)Before making any modifications under subsection (3) above to the purposes to which a relevant educational endowment may be applied, the Secretary of State shall, so far as it appears to him practicable to do so, consult—
(a)the board of management; and
(b)where any other person is empowered, by whatever means, to modify the purposes to which the endowment may be applied, that person.
(5)For the purposes of subsections (3) and (4) above, a “relevant educational endowment” is an educational endowment which is transferred to and vested in the board of management of a college of further education as mentioned in subsection (1) above.
Textual Amendments
F1Words in s. 19(3) substituted (24.4.2006) by Charities and Trustee Investment (Scotland) Act 2005 (asp 10), s. 107(2), Sch. 4 para. 9; S.S.I. 2006/189, art. 2(2), Sch. Pt. 2
Commencement Information
I1S. 19 wholly in force at 1.4.1993 see s. 63(2) and S.I. 1992/817, art. 3(2), Sch. 4
(1)Without prejudice to section 19(3) of this Act, the Secretary of State may by order make such modifications as he thinks fit of any trust deed relating to any land or other property held by any person for the purposes of any college of further education prescribed under section 11 of this Act.
(2)Before making any modifications under subsection (1) above of any trust deed the Secretary of State shall, so far as it appears to him practicable to do so, consult—
(a)the board of management of the college; and
(b)where any other person is empowered, by whatever means, to modify the trust deed, that person.
Commencement Information
I2S. 20 wholly in force at 1.4.1993 see s. 63(2) and S.I. 1992/817, art. 3(2), Sch. 4
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: