§ 8.—(1) This paragraph applies if—
- (a) a freehold or leasehold interest in land is transferred from a local education authority on or after the day on which this Act is passed,
- (b) the transfer is made to a person for the purposes of a city academy, and
- (c) the first or the second condition set out below is satisfied.
§ (2) The first condition is that—
- (a) the school concerned ceases to be a city academy, and
- (b) immediately before the school ceases to be a city academy the interest is held by a person for the purposes of the city academy.
§ (3) The second condition is that, although the school concerned continues to be a city academy, the interest ceases to be held for the purposes of the city academy.
885§ (4) This paragraph applies whether or not the transfer is made by virtue of a scheme under paragraph 1.
§ (5) Sub-paragraph (2) applies whether or not, on the school ceasing to be a city academy, it simultaneously ceases to function as a school.
§ (6) The Secretary of State may make a scheme providing for the transfer of the interest—
- (a) from the person holding it;
- (b) to the authority from which the transfer mentioned in sub-paragraph (1)(a) was made.
§ (7) A scheme may include such supplementary, incidental, consequential or transitional provisions as the Secretary of State thinks are appropriate.
§ (8) A scheme comes into force on the day it specifies for it to come into force.
§ (9) When a scheme comes into force it has effect to transfer (in accordance with its provisions) the interest to which it applies.
§ (10) A transfer made by virtue of a scheme is binding on all persons (as well as on the authority and the transferee) even if, apart from this sub-paragraph, it would have required the consent or concurrence of any person.