# Offender Management Act 2007, Paragraph 12


(1) A probation trust has power to do anything (including acquiring and disposing of property and accepting gifts) which appears to it to facilitate, or to be conducive or incidental to—
(a) the achievement of its purposes; or
(b) the performance of any functions conferred on it by any enactment (whenever passed or made).
(2) But a probation trust—
(a) may not hold land (though it may manage land held by another);
(b) may not—
(i) borrow money, whether by way of overdraft or otherwise; or
(ii) invest sums not immediately required for achieving its purposes,
without the approval of the Secretary of State.
(3) Approval under sub-paragraph (2)(b) may be general or specific.
(4) In this paragraph “enactment” includes subordinate legislation (within the meaning of the Interpretation Act 1978 (c. 30)).

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Source: https://www.legislation.gov.uk/ukpga/2007/21/schedule/1/paragraph/12 (the official version)
Page: https://openlegislation.uk/offender-management-act-2007/schedule-1/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.