Parent Forums and Parent Councils
I110Financial powers of a Parent Council
1
A Parent Council may–
a
raise funds by any means other than by borrowing,
b
receive gifts,
and may expend any sums so received at its discretion.
2
A Parent Council is to keep proper accounts in relation to any sums received by it under subsection (1).
3
A Parent Council is not to acquire any interest in heritable property, whether by inheritance, gift or otherwise.
4
Where a Parent Council ceases to exist, any property belonging to it passes to the education authority; but (except where the council has ceased to exist by virtue of section 8(16)) the authority is to use any such property for the benefit of the school.
5
Subsection (4) is subject to section 16(5).