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8(1)This paragraph applies if—
(a)a freehold or leasehold interest in land is transferred from a local education authority on or after the day on which this Act is passed,
(b)the transfer is made to a person for the purposes of a city academy, and
(c)the first or the second condition set out below is satisfied.
(2)The first condition is that—
(a)the school concerned ceases to be a city academy, and
(b)immediately before the school ceases to be a city academy the interest is held by a person for the purposes of the city academy.
(3)The second condition is that, although the school concerned continues to be a city academy, the interest ceases to be held for the purposes of the city academy.
(4)This paragraph applies whether or not the transfer is made by virtue of a scheme under paragraph 1.
(5)Sub-paragraph (2) applies whether or not, on the school ceasing to be a city academy, it simultaneously ceases to function as a school.
(6)The Secretary of State may make a scheme providing for the transfer of the interest—
(a)from the person holding it;
(b)to the authority from which the transfer mentioned in sub-paragraph (1)(a) was made.
(7)A scheme may include such supplementary, incidental, consequential or transitional provisions as the Secretary of State thinks are appropriate.
(8)A scheme comes into force on the day it specifies for it to come into force.
(9)When a scheme comes into force it has effect to transfer (in accordance with its provisions) the interest to which it applies.
(10)A transfer made by virtue of a scheme is binding on all persons (as well as on the authority and the transferee) even if, apart from this sub-paragraph, it would have required the consent or concurrence of any person.
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