Explanatory note

These Regulations prescribe for the purposes of section 38 of the Education Reform Act 1988 expenditure, in addition to that listed in that section, which, so far as it is taken into account in determining a local education authority’s general schools budget for the purpose of schemes of local management of schools for any year, is required to be left out of account when the authority is determining its aggregated budget for that year. The expenditure is that falling to be taken into account in the determination of central government grants and grants from the European Economic Community of the descriptions set out in the Regulations.