25 Closure of colleges and dissolution of boards of management

25  Closure of colleges and dissolution of boards of management

(1)     Where the Secretary of State determines, after such consultation as is required by section 5 of this Act, to make an order—

(a)     closing a college of further education; or

(b)     designating a college such as is mentioned in paragraph (b) of subsection (2) of that section as a designated institution within the meaning of Part II of this Act,

the order shall contain provision winding-up the board of management of the college, and the provisions of this section shall have effect.

[(1A)     An order made for the purpose mentioned in subsection (1)(a) above—

(a)     shall include provision for the property and rights of the board of management to transfer to and vest in a charity; and

(b)     may include provision for the liabilities and obligations of the board of management

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