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(1)Section 15 of LSA 2000 (plans of the Council) is amended as follows.
(2)In subsection (1)(a), for “each of its financial years” substitute “ each academic year ”.
(3)Omit subsection (2).
(4)In subsection (3), for “any subsequent financial year of the Council” substitute “ an academic year ”.
(5)In subsection (4)—
(a)for “a financial year” substitute “ an academic year ”, and
(b)in paragraph (a), for “the financial year” substitute “ the academic year ”.
(6)After subsection (4) insert—
“(5)In this section “academic year” means—
(a)the period starting with the 1 April following the date on which section 8 of the Further Education and Training Act 2007 comes into force and ending with the second 31 July following that 1 April;
(b)each successive period of 12 months.”
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