The Education (Grants) (Voluntary Aided Sixth Form Colleges) Regulations 1992

Requirements to be observed

6.—(1) Without prejudice to the generality of regulation 5, the persons to whom payments of grant are made shall—

(a) keep such records and accounts and furnish to the Secretary of State such information, documents, returns and accounts as the Secretary of State may from time to time require;

(b) open to the inspection of the Comptroller and Auditor General the records and accounts kept pursuant to the requirement imposed under paragraph (a) above;

(c) where a grant has been paid in respect of expenditure to be incurred and the expenditure or part of it is not incurred, repay on application made in that behalf by the Secretary of State the grant paid or the proportionate part thereof;

(d) where grant has been paid in respect of capital expenditure incurred or to be incurred, obtain the written consent of the Secretary of State before disposing of any, or any part of any, land or other property in respect of which grant was paid, and where any such property is disposed of, shall pay to the Secretary of State on application made by him such sum as appears to him to represent the value of the property at the date of its disposal or such lesser sum as may be specified in his application; and

(e) open or cause to be opened to inspection by a person authorised for the purposes hereof by the Secretary of State any institution in respect of which grant is paid and to afford any such person all the facilities he requires for inspecting such institution.

(2) In this regulation, the reference to land includes a reference to any interest in land.