ACE019: TEO to repay funding if funding approval revoked


If the TEC revokes some or all of a TEO's ACE funding under section 159YG of the Education Act 1989 before some or all of the funding has been used or contractually committed towards the purposes for which it was provided, the TEO must treat the unexpended or uncommitted portion of funding becomes a debt due to the Crown that is:

a)     repayable on demand; and

b)     may be off-set against all or any funding, or any sum payable by the TEC to the TEO. 

  • Last changed: 2 March 2016
  • Last verified: 2 March 2016