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This is the original version (as it was originally enacted).
(1)A Parent Council may–
(a)raise funds by any means other than by borrowing,
and may expend any sums so received at its discretion.
(2)A Parent Council is to keep proper accounts in relation to any sums received by it under subsection (1).
(3)A Parent Council is not to acquire any interest in heritable property, whether by inheritance, gift or otherwise.
(4)Where a Parent Council ceases to exist, any property belonging to it passes to the education authority; but (except where the council has ceased to exist by virtue of section 8(16)) the authority is to use any such property for the benefit of the school.
(5)Subsection (4) is subject to section 16(5).
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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills
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