Part 2: Charity Land Section 24: Amendments of the Universities and College Estates Act 1925
Section 24 replaces the numerous and complex powers which the UCEA 1925 confers on the institutions to which it applies with a consolidated general statutory power in respect of land transactions. It also removes the requirement to obtain Ministerial consent (from Defra) prior to entering into certain types of transaction, and removes restrictions and powers in relation to dealing with capital money.
	Subsection (2) inserts a new section 1A, "General power over land" into the UCEA 1925. This confers on a university or college to which the UCEA 1925 applies all the powers of an absolute owner in relation to its land. The new section 1A(2) states that the exercise of this general power is subject to restrictions imposed by statute, common law, equity or the institution’s own governing documents. The fact that the new power is set out in statute does not, therefore, mean that the transaction is excepted from Part 7 of the CA 2011 by virtue of section 117(3)(a). Instead, the general power is subject to the requirements in Part 7 concerning disposals of land by charities as amended by sections 17 to 23 (unless the requirements in Part 7 do not apply for other reasons, for example, if the institution is an exempt charity).
	Subsection (3) omits the numerous existing powers and restrictions contained in the UCEA 1925 which are replaced by the new general power.
	Subsection (4) removes the requirement to obtain Ministerial consent prior to the transfer to a university or college of lands vested in individual members thereof.
	Subsection (5) removes unnecessary wording from section 42 of the UCEA 1025, the remainder of which is retained to maintain the position that powers conferred under the UCEA 1925, now consolidated in the general power, are in addition to any existing powers.
	Subsection (6) omits from the definitions in section 43 terms which have now been omitted from the UCEA 1925 by subsection (3).
	Finally, subsection (7) gives effect to Schedule 1 containing amendments to other enactments consequential upon the amendments to the UCEA 1925 under section 24.