# The Educational Endowments (Central Region) Transfer Scheme Order 1996, Paragraph 5: Transfer of interests in educational endowments from district councils to new authorities


(1) Where immediately before 1st April 1996 there were vested in Clackmannan, Falkirk or Stirling District 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,
then, subject to paragraph 6 and the Schedule, such educational endowments shall to the same extent, and such powers and rights shall, on that date be transferred to and vest in the successor authority.
(2) Where immediately before 1st April 1996 there were vested by virtue of his office in the holder of an office connected with Clackmannan, Falkirk or Stirling District Council, or in a person nominated by that Council —
(a) to any extent, any educational endowments;
(b) any powers with respect to educational endowments,
then, subject to paragraph 6 and the Schedule, 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 successor authority nominated by that authority for the purpose;
(ii) in the case where they were vested by virtue of his office in an officer of the relevant district council, the proper officer of the successor authority;
(iii) in the case where they were vested in a person nominated by the relevant district council, a person nominated by the successor authority.
(3) In this paragraph, “the successor authority” means —
(a) in relation to Clackmannan District Council, Clackmannanshire Council;
(b) in relation to Falkirk District Council, Falkirk Council;
(c) in relation to Stirling District Council, Stirling Council.

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Source: https://www.legislation.gov.uk/uksi/1996/475/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/educational-endowments-central-region-transfer-scheme-order-1996/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.