HC Deb 26 March 1991 vol 188 c359W
Mr. Bowis

To ask the Secretary of State for Education and Science what conditions are attached to the disposal of Exchequer-funded land and buildings by polytechnics and colleges.

Mr. Alan Howarth

The conditions are the same as those which have applied to universities since 1985, and allow the retention of the proceeds of the sale of Exchequer-funded land and buildings, within specified limits, without reference to the annual appropriation procedures. These conditions are among those set out in financial memoranda between the Department and the Universities Funding Council and Polytechnics and Colleges Funding Council, copies of which I am placing in the Library.