The Education (Polytechnics and Colleges Funding Council) (Supplementary Functions) Order 1992
This Order confers on the Polytechnics and Colleges Funding Council the function of acting as the Secretary of State’s agent in relation to terms and conditions of capital grant made by the Secretary of State to former direct grant and voluntary institutions which are now designated under section 129 of the Education Reform Act 1988 as eligible for funding by that Council. In general, those terms and conditions require the payment to the Secretary of State of such proceeds of sale of any land or other property purchased with the grant as he may determine.