The Secretary of State may pay grants, for the purpose of providing financial assistance for students receiving education provided by–
(a)a central institution, to the managers of the institution;
(b)a college of education, to the managers of the college;
(c)a college of further education under the management of an education authority, to that authority;
(d)a college of further education under the management of a company formed in terms of section 65 of the Self-Governing Schools etc. (Scotland) Act 1989, to that company.
Access funds shall be of such amount and in respect of such period as the Secretary of State may determine and may be paid as single payments or by instalments of such amounts and at such times as may be so determined.
The persons to whom access funds are paid by the Secretary of State shall–
(a)keep such records and accounts and furnish to the Secretary of State such information, returns and accounts relating to receipts and disbursements of access funds as he may require;
(b)make such repayments of access funds not expended for the purposes of these Regulations as the Secretary of State may require;
(c)provide financial assistance only to those classes or categories of students as the Secretary of State may determine;
(d)comply with such other requirements as may be determined by the Secretary of State.
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