Regulation 27 Determination of amount to be recovered

The total amount which the Secretary of State may recover by virtue of section 256 of the 1996 Act from a local education authority named in a determination under that section applying that section in respect of any school in relation to the financial year in question is the amount determined in accordance with these Regulations as the amount of the maintenance grant payable in respect of the school and financial year in question (as from time to time revised) but excluding any amount determined under regulation 18 (capital expenditure from the revenue account).