Paragraph 20 I1

England and Wales

A provision under which–

(a)

the authority may direct the governing body as to how to spend a surplus in the school balance for a funding period, if—

(i)

in the case of a primary school the surplus is £50,000 or more, and

(ii)

in the case of a secondary school or a special school the surplus is £100,000 or more;

(b)

the authority may, if the governing body do not comply with such a direction, require the governing body to pay all or part of that surplus to the authority to be applied as part of their schools budget for the funding period in question.

Annotations

Commencement

I1: Sch. 4 para. 20 in force at 1.9.2010 for the financial years beginning on or after 1.4.2011, see reg. 1(1)(2)