Paragraph 17 I1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

sch. 1 para. 18(1A) inserted by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 7(3)
sch. 1 para. 2(1)(c) words inserted by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 27(2)
sch. 1 para. 3(1)(aa)-(ae) inserted by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 29(2)(a)
sch. 1 para. 3(1)(b) words substituted by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 29(2)(b)
sch. 1 para. 3(1A) inserted by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 29(2)(c)
sch. 1 para. 3(2) repealed by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 29(2)(d)
sch. 1 para. 3(3) repealed by Tertiary Education and Training (Funding and Governance) (Scotland) Act 2026 s. 29(2)(d)

(1)

The Council must—

(a)

keep proper accounts and accounting records;

(b)

prepare in respect of each financial year a statement of accounts; and

(c)

send the statement of accounts to the Scottish Ministers,

in accordance with such directions as the Scottish Ministers may give.

(2)

The Scottish Ministers must send the statement of accounts to the Auditor General for Scotland for auditing.

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