Regulation 13 Determination of an amount representing the unspent sum of a previous financial year’s budget share
This regulation applies where—
the school becomes a grant-maintained school on or after 1st April in the financial year in question; and
in a previous financial year the school had a delegated budget under a scheme made by the local education authority.
In any case to which this regulation applies the amounts to be added together for the purpose of determining the amount of maintenance grant payable in respect of the school under regulation 5 shall include an amount determined in accordance with paragraph (3).
The funding authority shall determine the amount which it appears to them is equal to that amount of the school’s budget share for any financial year prior to the financial year in question in respect of which sums had neither been deducted by the local education authority in accordance with their scheme nor made available pursuant to section 36(2) or (3) of the 1988 Act, or if made available, were not spent by the governing body in exercise of their powers under section 36(5) of that Act.