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4(1)This paragraph applies where an Academy order is made in respect of—E+W
(a)a voluntary school,
(b)a foundation school, or
(c)a foundation special school.
(2)The Secretary of State may make one or more of the directions listed in sub-paragraph (3) in respect of publicly funded land which is held for the purposes of the school by—
(a)the governing body of the school,
(b)the foundation body of the school, or
(c)the trustees of the school.
(3)The directions are—
(a)that the land or any part of the land be transferred to such local authority as the Secretary of State may specify, subject to the payment by that local authority of such sum by way of consideration (if any) as the Secretary of State determines to be appropriate;
(b)that the governing body, the foundation body or the trustees, as the case may be, pay, either to the Secretary of State or to such local authority as the Secretary of State may specify, the whole or any part of the value, as at the date of the direction, of the whole or any part of the land;
(c)that the land or any part of the land be transferred to a person concerned with the running of the Academy.
(4)Unless otherwise specified in the direction, any transfer of land pursuant to sub-paragraph (3) is to take place on the conversion date.
(5)Land transferred to a local authority pursuant to a direction under this paragraph may be the subject of a transfer scheme under paragraph 1.
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