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Regulation 5 Rate of Grant

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to paragraph (2) below, grants in respect of approved expenditure incurred on or after 1st April 1996 shall be payable at the rate of 60 per cent of such expenditure.

(2)

Grants in respect of approved expenditure incurred by an education authority on or after 1st April 1996 in respect of items 14, 15(a) and 16 in the Schedule hereto shall be payable at the rate of 100 per cent of such expenditure.