# The Education Act 2002 (Transitional Provisions and Consequential Amendments) (No.2) (Wales) Regulations 2003, Regulation 5: Financing of maintained schools


Notwithstanding the coming into force of the repeal of section 46 of the 1998 Act and of the consequential amendments to sections 49(4) and 143 of that Act and to section 36 of the Learning and Skills Act 2000 (made by sections 41(3) and 215, and paragraphs 100(1) and (2), 113 and 125 of Schedule 21 and Part 3 of Schedule 22) —
(a) the repeal of section 46 of the 1998 Act,
(b) the substitution of “LEA budget or schools budget” for “local schools budget” in section 49(4) of the 1998 Act,
(c) the substitution of “section 45A(3)” for “section 46(2)” in the entry beginning “individual schools budget” in section 143 of the 1998 Act,
(d) the repeal of the entry relating to local schools budget in section 143 of the 1998 Act, and
(e) the substitution of “schools budget” and “Schools budget” for “local schools budget” and “Local schools budget” in subsection (1)(a) and (3) of section 36 of the Learning and Skills Act 2000,
are not to have effect in relation to any financial year beginning before 1st April 2004.

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Source: https://www.legislation.gov.uk/wsi/2003/2959/regulation/5 (the official version)
Page: https://openlegislation.uk/education-act-2002-transitional-provisions-and-consequential-amendments-no2-wales-regulations-2003/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.