SAC3+026: TEO to repay funding following revocation of funding approval


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

a)    repayable on demand by the TEC; and

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

  • Last changed: 8 March 2016
  • Last verified: 8 March 2016