HC Deb 31 March 1993 vol 222 c217W
Mr. Bowis

To ask the Secretary of State for Education what conditions are attached to the disposal of Exchequer-funded land and buildings by colleges In the new further education sector.

Mr. Patten

The conditions will be the same as those which have applied to universities since 1985, and to institutions in the Polytechnics and Colleges Funding Council sector since 1989—Official Report, 15 January 1985, columns 91–92 and 26 March 1991, column 359. They will similarly allow colleges in the further education sector to retain the proceeds of sale of Exchequer-funded land and buildings, within specified limits agreed by the Secretary of State, without reference to the annual supply procedures. These conditions are among those set out in the financial memorandum between the Department and the Further Education Funding Council, a copy of which I will be placing in the Library.