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(1)The Secretary of State must, when making any grant to a funding body under section 68 of the 1992 Act or section 7 of the 1994 Act, impose under subsection (1) of the section concerned a condition requiring that body to impose a condition under section 24 in relation to any grants, loans or other payments made by that body under section 65 of the 1992 Act, or (as the case may be) section 5 of the 1994 Act, to the governing body of a relevant institution.
(2)In this section—
“funding body” means—
the Higher Education Funding Council for England, or
the Teacher Training Agency;
“relevant institution” means an institution specified by the Secretary of State in a condition under subsection (1), or an institution of a class so specified.
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