Regulation 3 Revocation

The Education (Financial Delegation to Schools) (Mandatory Exceptions) Regulations 1994^f1 are revoked in so far as they apply to local education authorities in Wales.

Notwithstanding paragraph (1) above, the said Regulations shall continue to apply for the purpose of determining (or redetermining) the aggregated budget of a local education authority in Wales for the financial years beginning on 1st April 1994 and 1st April 1995 and the Education (Financial Delegation to Schools) (Mandatory Exceptions) Regulations 1989^f2 shall continue to apply for such a purpose for a financial year beginning on or before 1st April 1993.