Textual Amendments
F1Ss. 18A-18C and cross-heading inserted (31.1.2008 for the insertion of s. 18A(2)-(4), 1.9.2008 in so far as not aready in force) by Further Education and Training Act 2007 (c. 25), ss. 2, 32(5); S.I. 2007/3505, art. 3(a); S.I. 2008/313, art. 3
(1)In relation to each financial year of the Council it must prepare guidance for each regional council.
(2)The guidance must include objectives which a regional council should achieve in seeking to carry out its functions.
(3)The guidance must set a regional council's budget for the financial year.
(4)The Council must consult the regional development agencies and local authorities on the guidance.
(5)After consulting under subsection (4) and (if appropriate) altering the guidance the Council must issue the guidance to the regional council.
(6)The guidance in relation to the financial year of the Council in which section 2 of the Further Education and Training Act 2007 comes into force must be prepared as soon as reasonably practicable after that section comes into force.
(7)The guidance in relation to any subsequent financial year of the Council must be prepared in time for the guidance to be issued before the financial year starts.
(8)A regional development agency is a development agency established by section 1 of the Regional Development Agencies Act 1998.]