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(1)The Secretary of State may enter into Academy arrangements with any person (“the other party”).
(2)“Academy arrangements” are arrangements that take the form of—
(a)an Academy agreement, or
(b)arrangements for Academy financial assistance.
(3)An Academy agreement is an agreement between the Secretary of State and the other party under which—
(a)the other party gives the undertakings in subsection (5), and
(b)the Secretary of State agrees to make payments to the other party in consideration of those undertakings.
(4)Academy financial assistance is financial assistance given by the Secretary of State under section 14 of EA 2002 on terms that require the other party to give the undertakings in subsection (5).
[F1(5)The undertakings are—
(a)to establish and maintain an educational institution in England which meets the requirements of any of the following—
(i)section 1A (Academy schools);
(ii)section 1B (16 to 19 Academies);
(iii)section 1C (alternative provision Academies);
(b)to carry on, or provide for the carrying on, of the institution.]
F2(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(9)Academy arrangements must include terms imposed for the purpose of securing that no charge is made in respect of—
(a)admission to, or attendance at, the [F4 institution ], or
(b)(subject to any exceptions specified in the terms) education provided at the [F4institution].
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