# The Jordanhill School Grant Regulations 1988, Regulation 7: Requirements relating to non-recurrent grant


(1) The following requirements shall apply when non-recurrent grant or any payment to account of such grant has been paid.
(2) Any property owned by the Company which was provided or acquired with the aid of that grant shall not be sold or otherwise disposed of except in accordance with the provisions of the following paragraph.
(3) When any such property is no longer required for the purpose for which it was provided or acquired the Company may, with the consent of the Secretary of State, and shall, if the Secretary of State so directs, sell or otherwise dispose of the property.
(4) When any such property is sold or disposed of, the Company shall pay to the Secretary of State such part of the proceeds of such sale or disposal as he may require, having regard to the proportion in which the cost of providing or acquiring the property was met by grant.

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Source: https://www.legislation.gov.uk/uksi/1988/328/regulation/7 (the official version)
Page: https://openlegislation.uk/jordanhill-school-grant-regulations-1988/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.