SCHEDULES
F1SCHEDULE 2
Annotations:
Amendments (Textual)
Powers
2
1
Subject to sub-paragraph (2) below, a funding authority may do anything which appears to them to be necessary or expedient for the purpose of or in connection with the discharge of their functions, including in particular—
a
acquiring and disposing of land and other property,
b
entering into contracts,
c
investing sums not immediately required for the purpose of the discharge of their functions, and
d
accepting gifts of money, land or other property.
2
A funding authority shall not borrow money.
Sch. 2 repealed (1.11.1999) by 1998 c. 31, s. 140(1)(3), Sch. 30 para. 185, Sch. 31 (with ss. 138(9), 144(6)); S.I. 1999/2323, art. 2(2), Sch. 2