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Tertiary Education and Research (Wales) Act 2022

Changes over time for: Section 85

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Tertiary Education and Research (Wales) Act 2022, Section 85 is up to date with all changes known to be in force on or before 02 March 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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85Power of the Welsh Ministers to fund the CommissionE+W

This section has no associated Explanatory Notes

(1)The Welsh Ministers may provide such funding to the Commission as they consider appropriate for the exercise of the Commission’s functions.

(2)The Welsh Ministers may make funding under subsection (1) subject to terms and conditions which may (among other things)—

(a)enable the Welsh Ministers to require the repayment, in whole or in part, of sums paid by them if any of the terms and conditions subject to which the sums were paid is not complied with;

(b)require the payment of interest in respect of any period during which a sum due to the Welsh Ministers in accordance with any of the terms and conditions remains unpaid;

(c)enable the Welsh Ministers to require the Commission to enter into an outcome agreement with a person to whom the Commission proposes to provide financial resources.

(3)In subsection (2)(c), “an outcome agreement” means an agreement between—

(a)the Commission, and

(b)the person to whom the Commission proposes to provide financial resources,

that sets out the activities to be carried out by that person for the purposes of contributing to the implementation of the Commission’s strategic plan approved under section 15.

(4)An outcome agreement may be required under subsection (2)(c)—

(a)in all cases where the Commission proposes to provide financial resources;

(b)in all cases where the Commission proposes to provide financial resources subject to specified exceptions;

(c)in those cases where the Commission proposes to provide financial resources to specified persons or to persons of a specified description;

(d)in those cases where the Commission proposes to provide financial resources for specified purposes or for purposes of a specified description;

(e)in those cases where the Commission proposes to provide financial resources above or below a specified amount.

(5)In subsection (4), “specified” means specified in the terms and conditions.

Commencement Information

I1S. 85 not in force at Royal Assent, see s. 148(2)

I2S. 85(1)(2)(a)(b) in force at 4.9.2023 by S.I. 2023/919, art. 2(n)

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