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Regulation 5 Rate of standards fund grant

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Except as provided in paragraph (2) below, standards fund grants in respect of approved expenditure incurred on or after 1st April 1999 shall be payable at the rate of 50 per cent. of such expenditure in respect of items referred to in the paragraphs of Schedule 1 other than paragraph 28.

(2)

Standards fund grants in respect of approved expenditure incurred on or after 1st April 1999 in respect of items referred to in the paragraphs of Schedule 1 listed in the left hand column of the table below shall be payable at the percentage rate of such expenditure specified in relation thereto in the right hand column of the table.

Paragraph in Schedule 1Rate (%)
2a100
3a100
4100
6100
2375
24100
25100
2665
27a100
29100
30100
31100
32100
33100
34100
35100
(3)

Standards fund grants in respect of approved expenditure incurred on or after 1st April 1999 in respect of items referred to in paragraph 28 of Schedule 1 shall be payable, in relation to the education authorities listed in the left hand column of the table in Schedule 2, at the percentage rate of such expenditure specified in the right hand column of the table.