# The Education (Groups of Grant-maintained Schools) (Finance) Regulations 1994, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations, made under section 126(2) of the Education Act 1993, prescribe 97.5% as the percentage of annual maintenance grant received in respect of a school which the governing body of the group must spend on the school.

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Source: https://www.legislation.gov.uk/uksi/1994/1195/note (the official version)
Page: https://openlegislation.uk/education-groups-of-grant-maintained-schools-finance-regulations-1994/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.