SCHEDULES
SCHEDULE 16Funding of maintained schools
Determination of budgets
I1I23
1
Section 45A of the 1998 Act (determination of specified budgets of F1local authority) is amended as follows.
2
In subsection (1)—
a
for “financial year” substitute “
relevant period
”
, and
b
for “that year” substitute “
that period
”
.
3
After subsection (1) insert—
1A
In subsection (1) “relevant period” means a financial year or such other period as may be prescribed.
4
In subsection (2)—
a
for “financial year” substitute “
funding period
”
, and
b
for “that year” substitute “
that period
”
.
5
After that subsection insert—
2A
The amount referred to in subsection (2) includes the amount of any grant which is appropriated, for meeting the expenditure mentioned in that subsection, in accordance with a condition which—
a
is imposed under section 16 of the Education Act 2002 (terms on which assistance under section 14 of that Act is given) or any other enactment, and
b
requires that the grant be applied as part of the authority's schools budget for the funding period.
6
In subsection (3)—
a
for “financial year” substitute “
funding period
”
, and
b
for “that year”
(in both places) substitute “
that period
”
.
7
After subsection (4) insert—
4A
Regulations under subsection (3) may also make provision—
a
enabling any expenditure falling outside any classes or descriptions of expenditure prescribed by virtue of subsection (4)(a) to be deducted from the authority's schools budget if the deduction of such expenditure is authorised, on the application of the authority, by the authority's schools forum or the Secretary of State, and
b
enabling any limit or condition that would otherwise apply by virtue of subsection (4)(b)(i) or (ii) to be varied or excluded, on the application of the authority, by the authority's schools forum or the Secretary of State.
8
Omit subsections (5) and (6).