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1(1)The Secretary of State may by order provide for any of his functions under the provisions of this Act mentioned in sub-paragraph (2) to be exercisable instead by a funding authority, either generally or in such circumstances as may be specified in the order.
(2)Those provisions are—
(a)sections 220 and 221 (alterations to instruments and articles of government);
(b)section 231(6) (consent to borrowing);
(c)section 233 (making and varying joint schemes);
(d)section 302 (variation of trust deeds);
(e)paragraph 5 of Schedule 21 (transitional powers of governing bodies); and
(f)paragraph 15 of Schedule 22 (approval of schemes for payment of allowances to governors).
(3)An order under this paragraph may—
(a)confer or impose such related functions on the funding authority, and
(b)provide for Part III of this Act to have effect with such modifications,
as the Secretary of State considers necessary or desirable in connection with any transfer of any functions under the provisions of this Act mentioned in sub-paragraph (2).
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