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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order confers on the Universities Funding Council the function of acting as the Secretary of State’s agent in relation to terms and conditions of capital grant made by the Secretary of State to universities. In general, those terms and conditions require the payment to the Secretary of State of such proceeds of sale of any land or other property purchased with the grant as he may determine.