Paragraph 3 Transfer of interests in educational endowments from the Borders Regional Council to The Scottish Borders Council

(1)

Where immediately before 1st April 1996 there were vested in the Borders Regional Council—

(a)

to any extent, any educational endowments;

(b)

any powers with respect to educational endowments;

(c)

any rights to be paid money out of educational endowments,

such educational endowments shall to the same extent, and such powers and rights shall, on that date be transferred to and vest in The Scottish Borders Council.

(2)

Where immediately before 1st April 1996 there were vested by virtue of his office in the holder of an office connected with the Borders Regional Council, or in a person nominated by that Council—

(a)

to any extent, any educational endowments;

(b)

any powers with respect to education endowments,

such educational endowments shall to the same extent, and such powers shall, on that date be transferred to and vest in—

(i)

in the case where they were vested by virtue of his office in a councillor, or in the holder of a specified office held by a councillor, a councillor of The Scottish Borders Council nominated by that Council for the purpose;

(ii)

in the case where they were vested by virtue of his office in an officer of the Borders Regional Council, the proper officer of The Scottish Borders Council;

(iii)

in the case where they were vested in a person nominated by the Borders Regional Council, a person nominated by The Scottish Borders Council.