Regulation 7 Requirements which may be attached to payment of maintenance grant
(1)
The requirements set out in Schedule 4 are specified as requirements which may be imposed by the Secretary of State on governing bodies to whom payments in respect of maintenance grant are or have been made.
(2)
Those requirements also include such requirements relating to the conduct of the school’s financial affairs as may be determined by the Secretary of State and set out in a financial memorandum delivered to the governing body of the school.