16 Transfer of property etc to boards of management
Further and Higher Education (Scotland) Act 1992 (1992 c 37) | Legislation

Property

16  Transfer of property etc to boards of management

(1)     Except as the Secretary of State otherwise directs, on the first transfer date there shall be transferred to and vest in the board of management of each college of further education specified in an order made under section 11 of this Act all property, rights, liabilities and obligations mentioned in subsection (2) below.

(2)     The property, rights, liabilities and obligations referred to in subsection (1) above are—

(a)     all land or other property (including corporeal and incorporeal moveable property) which—

(i)     immediately before the first transfer date was owned by an education authority; and

(ii)     at any time during the relevant period was used, held or obtained by them for or in connection with the purposes of the college;

(b)     all moveable property (whether corporeal or incorporeal) which, immediately before the first transfer date, was owned by the college council for the college;

(c)     all rights, liabilities and obligations of the authority which, immediately before the first transfer date, subsisted in respect of the college;

(d)     all rights, liabilities and obligations of the college

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