{
  "url": "https://openlegislation.uk/grant-aided-colleges-scotland-grant-regulations-1989/regulation-5",
  "json_url": "https://openlegislation.uk/grant-aided-colleges-scotland-grant-regulations-1989/regulation-5.json",
  "legislation": "uksi/1989/433",
  "legislation_title": "The Grant-aided Colleges (Scotland) Grant Regulations 1989",
  "legislation_url": "https://openlegislation.uk/grant-aided-colleges-scotland-grant-regulations-1989",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Conditions of all grants",
  "text": "The following conditions shall apply to the payment of all grants under these Regulations:—\n(a) the governing body shall furnish such estimates of income and expenditure and shall give such other information to the Secretary of State as he may require;\n(b) the governing body shall keep proper accounts;\n(c) the accounts shall be prepared and audited to the satisfaction of the Secretary of State;\n(d) the governing body shall submit audited accounts to the Secretary of State as soon as possible after the end of each financial year;\n(e) the books and other documents relating to the governing body’s accounts shall be open to inspection by the Secretary of State and by the Comptroller and Auditor General;\n(f) the governing body shall not, without the prior written consent of the Secretary of State, borrow from any source or give any guarantee or indemnity; and\n(g) the governing body shall comply with any requirements of regulations made under section 77 of the Education (Scotland) Act 1980 and any requirements imposed by these Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "uksi/1993/489",
      "affecting_title": "The Grant-aided Colleges (Scotland) Grant Amendment Regulations 1993"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/433/regulation/5",
    "retrieved_at": "2026-10-29T15:47:39.608016+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}