Prospective

Part 2 S Functions of the Scottish Further and Higher Education Funding Council

Monitoring of financial sustainability of post-16 education bodies S

18 Financial sustainability of post-16 education bodies S

(1) The 2005 Act is modified as follows.

(2) After section 15 insert—

“15A Monitoring of financial sustainability of post-16 education bodies

(1) The Council must secure the monitoring of the financial sustainability of post-16 education bodies.

(2) The Council may, where it considers it necessary to do so, secure the carrying out of an independent examination into the financial sustainability or financial governance of a post-16 education body.

(3) The governing body of a post-16 education body must—

(a) provide a person carrying out an examination by virtue of subsection (2) with such information, and

(b) make available to the person for inspection such accounts and other documents,

as the person may reasonably require for the purposes of the examination.

(4) The Scottish Ministers may request the Council to provide them with information and advice in relation to the financial sustainability of post-16 education bodies.

(5) The Council—

(a) must provide such information and advice when requested by the Scottish Ministers, and

(b) otherwise may provide such information and advice whenever it considers it appropriate to do so.”.

Commencement Information

I1 S. 18 not in force at Royal Assent, see s. 39(2)