Paragraph 7 C1C2
England and Wales
Where an interest in any premises which are to be used for the purposes of a controlled school is conveyed in accordance with the last preceding paragraph to any persons who possess, or are or may become entitled to, any sum representing proceeds of the sale of other premises which have been used for the purposes of the school, those persons or their successors shall pay to the local education authority so much of that sum as the F1Secretary of State for Education and Science may determine to be just having regard to the value of the interest so conveyed; and any sum so paid shall be deemed for the purposes of section fourteen of the M1Schools Sites Act 1841 (which relates to the sale or exchange of land held on trust for the purposes of a school) to be a sum applied in the purchase of a site for the school.
In this paragraph the expression “sale” includes the creation or disposition of any kind of interest.
Annotations
Textual amendments
- F1
Words substituted by virtue of S.I. 1964/490, art. 3(2)(a)
Marginal citations
- M1
Modifications
- C1
Sch. 1 para. 7 restricted by Reverter of Sites Act 1987 (c. 15, SIF 98:1), s. 8(1)
- C2
Sch. 1 paras. 6-9 continued (with modifications) (1.4.1994) by 1993 c. 35, s. 47(1); S.I. 1994/507, art.3(1) (with arts. 3,4, Sch. 3)
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.11.1996) by 1996 c. 56, ss. 582(2), 583(2), Sch. 38, Pt.I (with ss. 1(4), 561, 562, Sch. 39)
Notes on Schedule FIRST
Modifications
- C1
Sch. 1 excluded by Education Act 1968 (c. 17), s. 3(4)
- C2
Sch. 1 applied (1.10.1993) by 1980 c. 20, s. 13(8) (as inserted by 1993 c. 35, s. 230(5), S.I. 1993/1975, art. 9, Sch.1)