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Regulation 5 Rate of standards fund grant

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Standards fund grants in respect of approved expenditure incurred on or after 1st April 2001 shall be payable at the rate of 100 per cent. of such expenditure in respect of items referred to in paragraphs 1(b), 2(b), 3(a) and (d), 4, 5(a) and 6(a), (c) and (d) of Schedule 1.

(2)

Standards fund grants in respect of approved expenditure incurred on or after 1st April 2001 in respect of items referred to in paragraph 3(c) of Schedule 1 shall be payable, in relation to the education authorities listed in the left hand column of the table in Schedule 2, at the percentage rate of such expenditure specified in the right hand column of the table.

(3)

Standards fund grants in respect of approved expenditure incurred on or after 1st April 2001 in respect of items referred to in paragraphs of Schedule 1 other than those mentioned in paragraph (1) or (2) above shall be payable at the rate of 53 per cent. of such expenditure.