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(1)In sections 60(1) and (2) and 61 “site” does not include playing fields but otherwise includes any site which is to form part of the premises of the school in question.
(2)Where, after premises have been conveyed to the trustees of a school under section 60 or 61, a person acquires the premises or part of them from the trustees (whether compulsorily or otherwise), the Secretary of State may require the trustees or their successors to pay to the local education authority by whom the premises were conveyed so much of the compensation or purchase money paid in respect of the acquisition as he thinks just having regard—
(a)to the value of the premises conveyed by the authority, and
(b)to any sums received by the authority in respect of the premises under section 60 or 61.
(3)In subsection (2) “premises” includes any interest in premises.
(4)Subsection (2) does not apply in the case of an institution which is, or has at any time been, within the further education sector.
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