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SCHEDULE 1FOUNDATION PROPOSALS

PART 2Publication, determination and implementation of foundation proposals

Consideration and determination of proposals by the governing body or adjudicator

14.—(1) Where proposals have been referred to the adjudicator for determination pursuant to paragraphs 8 or 15, the adjudicator may—

(a)reject the proposals;

(b)approve the proposals without modifications; or

(c)approve the proposals with such modifications as the adjudicator thinks desirable, having consulted the governing body (unless they proposed the modifications).

(2) Where proposals are approved by the adjudicator (whether with or without modifications), the approval may be conditional on the occurrence of an event prescribed in paragraph 16.