OpenLegislation

Regulation 3 Amount of grant

Original text. Later amendments are not shown.

(1)

Subject to regulations 5 and 6, where grant is made in respect of qualifying expenditure of any of the classes or descriptions specified in paragraph (2) below the grant shall be 85% of

(A-B)

where—

  • A is eligible expenditure; and

  • B is,

    1. (a)

      in a case where associated school property is disposed of by way of sale (having not been previously disposed of by way of lease), the net proceeds of disposal of such property to the extent that such proceeds have become or are expected to become available to the governing body or to the trustees of the relevant school;

    2. (b)

      in a case where associated school property is disposed of by way of lease and the rent of such property has become or is expected to become available to the governing body or to the trustees of the relevant school, the market value of such property.

(2)

The classes or description of qualifying expenditure referred to in paragraph (1) above are—

(a)

expenditure in respect of the provision of buildings for a school which has transferred to a new site under the authority of an order made under section 47 of the Act;

(b)

expenditure in respect of the provision of a site and buildings for a school established pursuant to proposals approved by the Secretary of State under section 43 of the Act (whether or not an order has also been made under section 46(2) of the Act);

(c)

expenditure in respect of the provision of a site and buildings for a school which has transferred to a new site pursuant to proposals approved by the Secretary of State under section 43 of the Act;

(d)

expenditure in respect of the provision of a site or buildings consequent on the making of a significant change in the character of a school pursuant to proposals approved by the Secretary of State under section 43 of the Act;

(e)

expenditure in respect of the provision of a site and buildings necessary for a significant enlargement of the premises of the school pursuant to proposals approved by the Secretary of State under section 43 of the Act;

(f)

expenditure in respect of alterations to the premises of the school.

(3)

In paragraph (1) above references to the proceeds of disposal or to rent becoming available to the trustees of the relevant school include cases where such proceeds or rent becomes available to the trustees by virtue of an order under section 554 of the Act.