OpenLegislation

Paragraph 4

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

Where a school opens on or after 1st April 2004 and is a replacement for two or more schools being discontinued in the year beginning on 1st April 2004, its guaranteed funding level shall be (X/Y) x Z, where

  • X is the sum of the adjusted budget shares for the discontinued schools for the financial year beginning on 1st April 2003;

  • Y is the sum of the relevant number of pupils for the discontinued schools for the financial year beginning on 1st April 2003; and

  • Z is the relevant number of pupils for the new school for the financial year beginning on 1st April 2004 multiplied by 1.034.