Regulation 2 Revocation

The 1994 Regulations are revoked in so far as they apply to local education authorities in England.

Notwithstanding paragraph (1) above, the 1994 Regulations shall continue to apply for the purpose of determining (or redetermining) the aggregated budget of a local education authority in England for the financial year beginning on 1st April 1994 and the Education (Financial Delegation to Schools) (Mandatory Exceptions) Regulations 1989^f1 shall continue to apply for such a purpose for a financial year beginning on or before 1st April 1993.