Prospective
28Funding and use of resourcesS
(1)Qualifications Scotland may, where it appears to it to be necessary or expedient for the purposes of, or in connection with, or to be otherwise conducive to, the performance of its functions—
(a)invest sums not immediately required for the performance of its functions,
(b)accept, hold and administer gifts of any kind,
(c)hold and maintain land or other property,
(d)subject to the satisfaction of any criteria set by the Scottish Ministers in respect of such a charge, charge for providing a service.
(2)Qualifications Scotland must have the consent of the Scottish Ministers to—
(a)borrow from someone other than the Scottish Ministers,
(b)acquire or dispose of land,
(c)form or promote (whether alone or with others) a company under the Companies Act 2006,
(d)where an amount is specified by virtue of subsection (4), enter into a contract with a value in excess of that amount.
(3)For the purposes of subsection (2), the consent of the Scottish Ministers may be given—
(a)in respect of a particular transaction or description of transactions,
(b)subject to conditions.
(4)The Scottish Ministers may, for the purposes of subsection (2)(d), from time to time specify—
(a)an amount,
(b)how the value of a contract is to be determined.
Commencement Information
I1S. 28 not in force at Royal Assent, see s. 66(2)