Article 2 Winding up of the Board

The Board shall be wound up in accordance with the provisions of this Article.

On the coming into force of this Article the Board shall cease to exercise its functions, and may not incur any new liabilities, except in so far as continued exercise of those functions may be necessary or expedient for the purpose of preparing a final report to Ministers.

Any undischarged liabilities incurred by the Board before the coming into force of this Article are hereby transferred to ATB-Landbase.

On or after the coming into force of this Article the net assets of the Board all of which are transferred to ATB-Landbase under Article 4(1) below shall be applied for charitable purposes, related to or in connection with training for employment.

The Board shall, before the revocation date, for the part of its financial year ending on the date this Article comes into force make a final report to Ministers in accordance with section 8 of the Act and that report shall include a statement of the accounts of the Board to that date together with a copy of any report made by the auditors on the accounts. Ministers shall lay a copy of the report before Parliament.