The School Companies (Private Finance Initiative Companies) Regulations 2002

  1. Introductory Text

  2. PART 1 Preliminary

    1. 1.Citation and commencement

    2. 2.Interpretation

    3. 3.Definition of “an agreement under the private finance initiative”

    4. 4.Companies governed by these Regulations

  3. PART 2 Restrictions on School PFI Companies

    1. 5.Persons who may be admitted to membership of a school PFI company

    2. 6.Restriction on school funding of school PFI companies

  4. PART 3 Seeking Consent to Become a Member of a School PFI Company

    1. 7.Grounds on which a local education authority may refuse consent to a school governing body to become a member of a school company

    2. 8.Duty to provide written reasons for refusal

  5. PART 4 The Supervising Authority for a School PFI Company

    1. 9.Designation of a supervising authority by a school PFI company

    2. 10.Designation of a supervising authority by the relevant local education authorities

    3. 11.Designation of a supervising authority by the Secretary of State

    4. 12.Written notice required when Secretary of State revokes the designation of a supervising authority

    5. 13.Supervising authority may resign

    6. 14.Circumstances in which the supervising authority must resign

    7. 15.Procedure where a supervising authority resigns

    8. 16.Notification required if a company ceases to be a school PFI company

    9. 17.Functions of a supervising authority

    10. 18.Duty of company to provide accounts to its supervising authority

    1. SCHEDULE

      Individuals who cannot be members of a school PFI company

      1. 1.A person who has been adjudged bankrupt or sequestration of...

      2. 2.A person who has made a composition or arrangement with,...

      3. 3.A person who is subject to a disqualification order under...

      4. 4.A person who has been removed from the office of...

      5. 5.A person who has been removed under section 7 of...

      6. 6.A person who is included in the list of teachers...

      7. 7.A person who is disqualified from being the proprietor of...

      8. 8.A person who is subject to a direction under section...

      9. 9.A person who, either during his membership of the company,...

      10. 10.A person who, within 20 years ending with the date...

      11. 11.A person who, at any time, has been convicted as...

      12. 12.A person who has not attained the age of 18;...

      13. 13.A person who is liable to be detained under the...

      14. 14.A person who is employed by the governing body of...

  7. Explanatory Note