The Academy Conversions (Transfer of School Surpluses) Regulations 2010

Type Statutory-Instrument
Publication 2010-07-28
State In force
Department Queen's Printer of Acts of Parliament
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Made: 28th July 2010

Laid before Parliament: 4th August 2010

Coming into force: 1st September 2010

The Secretary of State for Education makes the following Regulations[^f00001] in exercise of the powers conferred by section 7 of the Academies Act 2010[^f00002]:

Citation, commencement and application

1

Interpretation

2

In these Regulations—

Determination of school surplus

3

The local authority must inform the proprietor of the determinations made by them under section 7(2) of the Act within three months, beginning with the conversion date.

Review of local authority determination

4

Payment of school surplus

5

Signed

Jonathan Hill — Parliamentary Under Secretary of State — Department for Education — 28th July 2010

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

Section 7 of the Academies Act 2010 requires local authorities to transfer a school’s surplus to the Academy proprietor when the school converts to an Academy under an order following an application by the governing body. These Regulations set time limits for the determination of whether there is, and if so the amount of, a surplus, and for any review by the Secretary of State of any local authority determination.

An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen. The impact on the public sector is minimal.

Footnotes

[^f00001]: See section 579(1) of the Education Act 1996 (c.56) for the definition of “regulations”. This definition applies by virtue of section 17(4) of the Academies Act 2010.

[^f00002]: 2010 c.32.

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