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2. In these Regulations, except where the context otherwise requires, the following expressions shall have the meanings hereby respectively assigned to them:—
“financial year” means the 12 month period ending on 31st March each year;
“governing body” means, in respect of a grant-aided college which is a college of education, the governing body of that college and, in respect of a grant-aided college which is a central institution (as defined in regulation 2(1) of the Central Institutions (Scotland) Regulations 1988( (1)), has the meaning given by that regulation;
“grant-aided college” has the meaning given by section 77(5) of the Education (Scotland) Act 1980.
S.I. 1988/1715
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