Rollover of 2004 grants made under the Higher Education Funding Act 1988
19 Rollover of 2004 grants made under the Higher Education Funding Act 1988
If:
a body receives a grant of financial assistance under Chapter 2 of the old Act during the year 2004; and
the body fails to spend all of that grant in accordance with the old Act in respect of the year 2004; and
the Secretary determines in writing that this paragraph applies to the body;
then so much of the unspent grant amount as the Secretary specifies in relation to the grant will be taken to have been granted to the body under the new Act in respect of the year 2005:
under the section of the new Act that the Secretary specifies in the determination; and
on such conditions as the Secretary specifies in the determination.
This Act’s bill:Explanatory memorandumSecond reading speech
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