SCHEDULE 3 Transfer and Apportionment of Property

SCHEDULE 3 Transfer and Apportionment of Property

Section 16

Identification of land, other property, rights, liabilities and obligations

1

(1)     In respect of each college of further education prescribed under section 11 of this Act, the education authority and the college council shall, not later than the first transfer date, so far as practicable, arrive at such written agreements and execute such other instruments as are necessary or expedient—

(a)     to identify or define the land, other property, rights, liabilities and obligations to be transferred to and vest in the board of management for the college under section 16 of this Act; or

(b)     for making any arrangements such as are mentioned in paragraph 2(2) below as will afford to the authority and the board as against each other such rights and safeguards as they may require for the proper discharge of their respective functions.

(2)     Any such agreement shall contain provision so far as is expedient to enable the creation, variation or extinction of interests in land or [title conditions] and for the granting of indemnities.

(3)     The education authority shall supply the college council of such a college with such information, including all documents relating to

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