# The Education (New Grant-maintained Schools) (Finance) Regulations 1998, Regulation 12: Determination of Central AMG—apportionment for schools established in September in the financial year in question


(1) This regulation applies in the case of a school established in September in the financial year in question.
(2) Where this regulation applies, regulation 8 (determination of Central AMG) shall have effect as if it required the funding authority to determine the relevant percentage of the amount determined in accordance with the following formula—
(A×J)365, where
J is the amount calculated in accordance with regulation 5(2) (Direct AMG by reference to a comparable maintained school’s budget share) in respect of the school as if it had been established on 1st April in the financial year in question; and
A is the number of days in the financial year falling on or after the date on which the school was established.

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Source: https://www.legislation.gov.uk/uksi/1998/798/regulation/12 (the official version)
Page: https://openlegislation.uk/education-new-grant-maintained-schools-finance-regulations-1998/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.