# The Financing of Maintained Schools Regulations 1998, Paragraph 18


Amounts payable to a new school established as the result of the discontinuance of one or more maintained schools to reflect the extent to which a school which has been discontinued has spent more than or has not spent all its budget share (within the meaning of the 1996 or the 1998 Act) in any financial year.

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Source: https://www.legislation.gov.uk/ukdsi/1998/0110799437/schedule/3/paragraph/18 (the official version)
Page: https://openlegislation.uk/draft-financing-of-maintained-schools-regulations-1998/schedule-3/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.