# The Education (Grant-maintained Schools) (Finance) Regulations 1994, Regulation 8: Determination of an amount in respect of a comparable maintained school’s budget share


(1) This regulation applies in the case of a school which becomes a grant-maintained school after 1st April in the financial year in question.
(2) In any case to which this regulation applies the funding authority shall determine an amount in accordance with paragraph (3).
(3) The funding authority shall determine an amount which appears to them to be equal to that amount of the school’s budget share for the financial year in question in respect of which, immediately before the school became grant-maintained, sums had neither been deducted by the local education authority in accordance with their scheme nor made available pursuant to section 36(2) and (3) of the 1988 Act, or, if made available, had not been spent by the governing body of the school in exercise of their powers under section 36(5) of the 1988 Act.

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Source: https://www.legislation.gov.uk/uksi/1994/938/regulation/8 (the official version)
Page: https://openlegislation.uk/education-grant-maintained-schools-finance-regulations-1994/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.