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| | (b) | the manner in which the information contained in them is to be |
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| | (c) | the methods and principles according to which the annual accounts are |
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| | (3) | Before the end of the month of August next following each financial year, the |
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| | SFA must send copies of the annual accounts for the year to— |
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| | (a) | the Secretary of State, and |
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| | (b) | the Comptroller and Auditor General. |
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| | (4) | The Comptroller and Auditor General must— |
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| | (a) | examine, certify and report on the annual accounts, and |
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| | (b) | give a copy of the report to the Secretary of State. |
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| | (5) | The Secretary of State must lay before Parliament— |
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| | (a) | a copy of any annual accounts received under sub-paragraph (3), and |
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| | (b) | a copy of each report received under sub-paragraph (4). |
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| | (6) | In this paragraph “financial year” means— |
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| | (a) | the period specified by the Secretary of State in a direction given to the |
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| | |
| | (b) | each successive period of 12 months. |
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| | |
| | 16 | The application of the SFA’s seal is authenticated by the signatures of— |
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| | (a) | the chair or another person authorised (generally or specifically) for |
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| | that purpose by the SFA, and |
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| | (b) | one other member of the SFA. |
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| | 17 | Any document purporting to be an instrument made or issued by or on behalf |
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| | of the SFA, and to be duly executed by a person authorised by the SFA in that |
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| | |
| | (a) | is to be received in evidence, and |
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| | (b) | is to be taken to be made or issued in that way, unless the contrary is |
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| | 18 (1) | The Secretary of State may make grants to the SFA for the purposes of any of |
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| | |
| | (2) | Grants to the SFA under this paragraph are to be made at such times and |
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| | subject to such conditions (if any) as the Secretary of State thinks appropriate. |
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| | (3) | Conditions to which a grant is subject may (in particular)— |
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| | (a) | set the SFA’s budget for any financial year; |
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| | (b) | require the SFA to use the grant for specified purposes; |
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| | (c) | require the SFA to comply with specified requirements in respect of |
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| | persons or persons of a specified description in securing the provision |
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| | of specified financial resources to such persons; |
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| | (d) | enable repayment (in whole or part) to be required of sums paid by the |
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| | Secretary of State if any condition subject to which the grant was made |
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| | |
| | (e) | require the payment of interest in respect of any period during which |
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| | a sum due to the Secretary of State in accordance with any condition |
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| | (4) | Requirements which may be imposed under sub-paragraph (3)(c) include in |
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| | particular requirements that, if the SFA provides specified financial resources, |
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| | it is to impose specified conditions. |
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| | (5) | The Secretary of State may not impose conditions which relate to the SFA’s |
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| | securing of the provision of financial resources to a particular person or |
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| | 19 (1) | The SFA may do anything that it considers necessary or appropriate for the |
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| | purposes of, or in connection with, its functions. |
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| | (2) | The power in sub-paragraph (1) is subject to any restrictions imposed by or |
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| | under any provision of this or any other Act. |
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| | (3) | The SFA may not borrow money. |
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| | (4) | The SFA may not do any of the following without the consent of the Secretary |
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| | |
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| | (b) | form, participate in forming or invest in a company; |
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| | (c) | form, participate in forming or otherwise become a member of a |
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| | charitable incorporated organisation (within the meaning of section |
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| | 69A of the Charities Act 1993 (c. 10)). |
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| | (5) | In sub-paragraph (4)(b) the reference to investing in a company includes a |
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| | (a) | becoming a member of the company, and |
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| | (b) | investing in it by the acquisition of any assets, securities or rights or |
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| | |
| | 20 | In Schedule 2 to the Parliamentary Commissioner Act 1967 (departments etc. |
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| | subject to investigation) at the appropriate place insert— |
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| | | “The Skills Funding Agency.” |
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| | House of Commons Disqualification Act 1975 (c. 24) |
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| | 21 | In Part 3 of Schedule 1 to the House of Commons Disqualification Act 1975 |
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| | (other disqualifying offices) at the appropriate place insert— |
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| | | “Any member of the Skills Funding Agency in receipt of remuneration.” |
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| | Superannuation Act 1972 (c. 11) |
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| | 22 | In Schedule 1 to the Superannuation Act 1972 (kinds of employment, etc, |
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| | referred to in section 1 of that Act) under the heading “Other bodies” insert— |
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| | | “Skills Funding Agency”.’ |
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| Page 49, line 18 [Clause 80], leave out subsection (2). |
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