This section has no associated Explanatory Notes
[14(1)This paragraph applies to land—E+W
(a)that is held for the purposes of an Academy, and
(b)that has been acquired or enhanced in value wholly or partly by payments made by or on behalf of—
(i)a local authority, or
(ii)the Secretary of State.
This is subject to sub-paragraph (2).
(2)If a leasehold interest in land is held for the purposes of a new Academy, this paragraph does not apply to—
(a)that or any other leasehold interest in the land, or
(b)a freehold interest in the land.
(3)An Academy is a new Academy for the purposes of sub-paragraph (2) if, by virtue of section 9(1)(a) (new educational institutions), the duty in section 9(2) (impact on other schools etc) applied when the Secretary of State was deciding whether to enter into Academy arrangements in relation to it.
(4)In the case of land to which this paragraph applies that has been acquired or enhanced in value wholly or partly by payments made by or on behalf of a local authority, the authority may serve a notice under sub-paragraph (6).
(5)In the case of land to which this paragraph applies that has been acquired or enhanced in value wholly or partly by payments made by or on behalf of the Secretary of State, the Secretary of State may serve a notice under sub-paragraph (6).
(6)A notice under this sub-paragraph is a notice that the land is publicly funded land for the purposes of this Schedule.
(7)A notice under sub-paragraph (6) must be served—
(a)on the person holding the land (subject to sub-paragraph (8)),
(b)within the period of six months beginning with the date on which the payments were made, or, if there is more than one such date, the latest of those dates.
(8)Where the land is vested in the official custodian for charities in trust for a charity, a notice under sub-paragraph (6) must be served—
(a)on the charity, if the charity is a corporate charity;
(b)on the persons having the general control and management of the administration of the charity, in any other case.]