Schedules
Schedule 4The Chief Executive of Skills Funding
Supplementary powers
I19
1
The Chief Executive may do anything that the Chief Executive considers necessary or appropriate for the purposes of, or in connection with, the functions of the office.
2
The power in sub-paragraph (1) is subject to any restrictions imposed by or under any provision of any Act.
3
The Chief Executive may not borrow money.
4
The Chief Executive may not do any of the following without the consent of the Secretary of State—
a
lend money;
b
form, participate in forming or invest in a company;
c
form, participate in forming or otherwise become a member of a charitable incorporated organisation (within the meaning of section 69A of the Charities Act 1993 (c. 10)).
5
In sub-paragraph (4)(b) the reference to investing in a company includes a reference to—
a
becoming a member of the company, and
b
investing in it by the acquisition of any assets, securities or rights or otherwise.