Regulation 7 Determination of amount of maintenance grant

Where in a financial year preceding the financial year in question the school had a delegated budget under the local education authority’s scheme, the funding authority shall determine the amount (if any) 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.