# The Financing of Maintained Schools (England) Regulations 2002, Paragraph 24


Schools whose budget shares would otherwise be reduced year-on-year by a percentage figure of 3 per cent. or more, determined by the authority: The authority must publish that percentage figure and an explanation of how any amounts using such a factor or criteria will be determined including, if applicable, the use to be made of any sliding scale. Such a factor may not take account of the extent to which a school has spent more than or has not spent all of its budget share (within the meaning of the 1996 or 1998 Act) or its maintenance grant (as a grant-maintained or grant-maintained special school) in any financial year.

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Source: https://www.legislation.gov.uk/uksi/2002/377/schedule/2/paragraph/24 (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2002/schedule-2/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.