{
  "url": "https://openlegislation.uk/education-grantmaintained-schools-loans-regulations-1993/regulation-5",
  "json_url": "https://openlegislation.uk/education-grantmaintained-schools-loans-regulations-1993/regulation-5.json",
  "legislation": "uksi/1993/3073",
  "legislation_title": "The Education (Grant–maintained Schools) (Loans) Regulations 1993",
  "legislation_url": "https://openlegislation.uk/education-grantmaintained-schools-loans-regulations-1993",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Accelerated repayment",
  "text": "(1) An agreement shall require that the loan together with accrued interest shall become immediately repayable—\n(a) in the case of a school which is discontinued, on the discontinuance date as defined in section 107(2) of the Act; or\n(b) in the case of withdrawal of grant to the school, on the date specified in a notice under subsection (3) or (5)(b) of section 109 of the Act as the date on which the funding authority’s duty to maintain the school is to cease.\n(2) Where a loan has been made for the purpose of enabling a governing body to meet expenditure to be incurred by it, the agreement shall provide that, if the expenditure or any part of it is not incurred,—\n(a) the appropriate authority may give notice in writing to the governing body requiring repayment of the loan or of the proportionate part of it; and\n(b) the governing body shall in accordance with the notice repay the loan or such proportionate part together with interest.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Sections 107 and 109 of the Act are not yet in force."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/3073/regulation/5",
    "retrieved_at": "2026-10-29T13:45:12.843921+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}