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Paragraph 2

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

Where any maintained school in the authority’s area is due to be discontinued and re-open as an Academy in the financial year beginning on 1st April 2005, an amount equal to F × (G/12) shall be deducted from E, where—

(a)

F is the number of months during the financial year beginning on 1st April 2005 in which the school is not to be maintained by the authority; and

(b)

G is the total budget share of that school for the financial year beginning on 1st April 2004.