Article 3

The Secretary of State hereby confers on the PCFC the supplementary function of exercising on his behalf his functions in relation to the property referred to in paragraph (2) below.

That property is land and other property which is or was used or held for the purpose of an institution to which paragraph (3) below applies, and in respect of which the Secretary of State is entitled to any right or interest, or would be so entitled on the occurrence of an event, by virtue of a term or condition of grant made by him to the institution or any undertaking given by or on behalf of the institution.

This paragraph applies to any institution for the time being designated under section 129 of the Education Reform Act 1988.