Article 54 Effect of financial delegation
This Article applies where a board’s financial provision for relevant schools is subject to regulation by a scheme.
In the case of any controlled or maintained school in respect of which financial delegation is required for a financial year under the scheme, the board shall put at the disposal of the Board of Governors in respect of the year a sum equal to the school’s budget share for the year, to be spent for the purposes of the school.
The times at which, and the manner in which, any such sum is put at the disposal of the Board of Governors shall be such as may be provided by or under the scheme.
A board may not delegate to the Board of Governors of any controlled or maintained school required to be covered by the scheme in a financial year the power to spend any appropriated amount otherwise than as required under the scheme; and for this purpose “appropriated amount” means a sum appropriated by the board for the purposes of the school in that year.
The Board of Governors of a school which has a delegated budget—
shall be entitled, subject to any provision made by or under the scheme, to spend any sum made available to it in respect of the school’s budget share for a financial year as it thinks fit for the purposes of the school; and
may delegate to the principal, to such extent as may be permitted by or under the scheme, its power under sub-paragraph (a) in relation to any part of that sum.
The members of the Board of Governors of a school shall not incur any personal liability in respect of anything done in good faith in the exercise or purported exercise of their powers under paragraph (5).