SCHEDULES

SCHEDULE 1Independent Safeguarding Authority

Incidental powers

15

(1)

In connection with the exercise of any of its functions F1ISA may—

(a)

enter into contracts and other agreements (whether legally binding or not);

(b)

acquire and dispose of property (including land);

(c)

borrow money;

(d)

do such other things as F1ISA thinks necessary or expedient.

(2)

The power conferred by sub-paragraph (1)(b) includes accepting—

(a)

gifts of money, and

(b)

gifts or loans of other property,

on such terms as F1ISA thinks appropriate.

(3)

But F1ISA may exercise the power conferred by sub-paragraph (1)(b) or (c) only with the consent of the Secretary of State.

(4)

Such consent may be given—

(a)

with respect to a particular case or with respect to a class of cases;

(b)

subject to such conditions as the Secretary of State thinks appropriate.