SAR013: TEO to repay funding if funding approval revoked


If the TEC suspends or revokes some or all of a TEO’s SAR (ACE) funding under section 159YG of the Education Act 1989, before that funding has been used or contractually committed towards the purposes for which it was provided, then the TEO must treat the unexpected or uncommitted portion of the funding as a debt due to the Crown that:

(a)       is repayable to the TEC on demand; and

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

  • Last changed: 22 February 2016
  • Last verified: 22 February 2016