Paragraph 5 Rules relating to transfers
(1)
This paragraph applies where—
(a)
any proposals that a community school should become a voluntary controlled school have been approved under paragraph 3 of the modified Schedule 6 to the Act; and
(b)
as from the implementation date the school (as a voluntary controlled school) will be a member of a group for which a foundation body acts.
(2)
In such a case, any land other than playing fields or land held on trust which, immediately before the implementation date, was held or used by a local authority for the purposes of the community school shall on that date be transferred to, and by virtue of this paragraph vest in, the foundation body.