# The Education (Grant-maintained Special Schools) (Finance) Regulations 1994, Regulation 5: Determination of amount of maintenance grant


(1) The funding authority shall determine the amount which is equal to the relevant percentage of the amount determined by the application of the following formula—
A×J,B where
A is the number of days in the financial year falling on or after the date on which the school becomes a grant-maintained special school;
B is 365; and
J is the amount of the school’s budget share for the financial year in question.
(2) In these Regulations the relevant percentage is the percentage determined in accordance with Schedule 1.

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Source: https://www.legislation.gov.uk/uksi/1994/2111/regulation/5 (the official version)
Page: https://openlegislation.uk/education-grant-maintained-special-schools-finance-regulations-1994/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.