13.Section 2(1) provides for the transfer of the property, rights, interests and liabilities of the Fund to the new charitable trust.
14.Section 2(2) provides that the property to be transferred is net of the monies paid from the Fund under section 1(1). This section comes into force immediately after the end of the period during which payments authorised by section 1(1) are to be made.
Text created by the Scottish Government 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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