This section has no associated Explanatory Notes
17(1)UKRI may do anything which appears to it to be necessary or expedient for the purpose of, or in connection with, the exercise of its functions.U.K.
(2)In particular, UKRI may—
(a)acquire and dispose of land and other property,
(b)enter into contracts, and
(c)accept gifts of money, land or other property.
(3)But UKRI may do any of the following only in accordance with terms and conditions specified from time to time by the Secretary of State—
(a)borrow money;
(b)enter into joint ventures;
(c)form, participate in forming, or invest in, a company, partnership or other similar form of organisation;
(d)invest sums.
Commencement Information
I1Sch. 9 para. 17 in force at 30.3.2018 by S.I. 2018/241, reg. 3(d)