Article 6 Schemes for financing county and voluntary schools and locally funded further and higher education
Notwithstanding that the inner London councils do not become the local education authorities for their areas until 1st April 1990, they may prepare, and the Secretary of State may at any time after 1st August 1989 approve, schemes for financing county and voluntary schools or for financing locally funded further and higher education in accordance with Chapter III of Part I or Chapter III of Part II of the Act, as the case may be.
Section 42 of the Act (which provides for financial statements relating to schemes) and any regulations made thereunder shall apply to each inner London council in respect of which the Secretary of State has approved a scheme by virtue of paragraph (1) from the date of that approval; and
the requirement to prepare a statement imposed by section 50(1) of the Act shall apply to each inner London council in relation to the financial year commencing 1st April 1990 as if it and not ILEA were the local education authority for its area, and as if references to schools maintained by a local education authority were references to schools to be maintained by that inner London council.