Paragraph 3 Transfer of interests in educational endowments from Highland Regional Council to Highland Council

(1)

Where immediately before 1st April 1996 there were vested in Highland 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 Highland Council.

(2)

Where immediately before 1st April 1996 there were vested by virtue of his office in the holder of an office connected with Highland 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 Highland 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 Highland Regional Council, the proper officer of Highland Council;

(iii)

in the case where they were vested in a person nominated by Highland Regional Council, a person nominated by Highland Council.