[Subsection (1) substituted by section 7(a) of Act No. 3 of 2012]
(2) |
The Minister may not act in terms of subsection (1) unless he or she has— |
(a) |
[Paragraph (a) deleted by section 7(c) of Act No. 3 of 2012] |
(b) |
given written notice to the college in question of the intention to close it; |
(c) |
given notice in the Gazette of his or her intention so to act; |
(d) |
given the council of the college in question and interested parties an opportunity to make written representations within a period of not less than 90 days; and |
(e) |
considered those representations. |
[Subsection (2) amended by section 7(b) of Act No. 3 of 2012]
(3) |
If a public college is closed under subsection (1)— |
(a) |
all assets and liabilities of such college must, after such closure, be dealt with according to law by the Minister; and |
[Paragraph (a) substituted by section 7(d) of Act No. 3 of 2012]
(b) |
any assets remaining after payment of all liabilities vest in the Minister. |
[Paragraph (b) substituted by section 7(d) of Act No. 3 of 2012]
(4) |
Subsections (2) to (5) of section 5 and section 6(2) apply with the necessary changes required by the context to a closure referred to in subsection (1). |