# The Financing of Maintained Schools (England) Regulations 2003, Regulation 20: Transitional funding


(1) A local education authority shall determine the budget share of a former grant-maintained or grant-maintained special school so as to include an amount for transitional funding.
(2) The amount referred to in paragraph (1) shall not exceed the amount payable to the school under regulation 21(1) of the 2002 Regulations (not taking into account any redetermination made under regulation 22 or regulation 17A of the 2002 Regulations but taking account of the correction of errors and taking into account any additional arrangement approved under regulation 32 of the 2002 Regulations).
(3) Subject to paragraph (2), the amount referred to in paragraph (1) is the amount if any by which the school’s protected level of funding in respect of the financial year beginning on 1st April 2003 determined by the local education authority in accordance with Schedule 2 is greater than the school’s adjusted budget share for that financial year.
(4) For the purposes of this regulation, a school’s adjusted budget share is its budget share determined in accordance with this Part and Part 3 but not taking into account the effect of this regulation and regulations 17 (budget share adjustments: pupil numbers), 18 (budget share adjustments: non-pupil number factors), 22 (excluded pupils), 23, 24 and 25 (additional provisions for re-determinations).
(5) The amount of a school’s transitional funding shall not be affected by a net increase during the financial year in that school’s adjusted budget share arising out of changes in the numbers of pupils with statements of special educational needs or changes in the needs of such pupils.

---
Source: https://www.legislation.gov.uk/uksi/2003/453/regulation/20 (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2003/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.