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

6. 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