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Paragraph 2

Original text. Later amendments are not shown.

Where any maintained school in the authority’s area is due to be discontinued and re-open as an Academy in funding period 1, an amount equal to D x (E/12) must be deducted from C, where—

(a)

D is the number of months during funding period 1 in which the school is not to be maintained by the authority; and

(b)

E is the total budget share of that school for the financial year beginning on 1st April 2005.