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Paragraph 2

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

(1)

Where any maintained school in the authority’s area is due to be discontinued and re-open as an Academy in the financial year commencing on 1st April 2004, an amount equal to F x (G/12) shall be deducted from E, where—

  • F is the number of months during the financial year beginning on 1st April 2004 in which the school is not to be maintained by the authority, and

  • G is the total budget share of that school for the financial year beginning on 1st April 2003 together with the total amount of any funds devolved to the school from the standards fund grant and under the Excellence in Cities or Excellence Clusters programmes.

(2)

An amount equal to any sum deducted in accordance with paragraph 24 of Schedule 2 to the 2002 Regulations in respect of expenditure on maintained nursery schools in the financial year beginning on 1st April 2003, shall be added to E. But if any such maintained nursery school will cease to be maintained on or before 31st August 2004 the amount to be added to E shall not include any expenditure on such a school.