# The Education (New Grant-maintained Schools) (Finance) Regulations 1998, Paragraph 2


For the purposes of regulation 8(1), the relevant percentage in respect of any primary or secondary school is the percentage determined for the school in accordance with paragraph 3. In determining the relevant percentage no account shall be taken of expenditure by the local education authority which is offset by income received other than as central government grants or grant from any of the European Communities.

---
Source: https://www.legislation.gov.uk/uksi/1998/798/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/education-new-grant-maintained-schools-finance-regulations-1998/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.