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PART VIIFINANCING OF SCHOOLS

CHAPTER IFINANCING OF SCHOOLS BY BOARDS

Schemes for financing schools

Schemes for financing schools - introductory

44.—(1) In this Chapter “scheme” means a scheme made (or treated as made), by a board under Article 46.

(2) In this Chapter “board”, in relation to a scheme, means the board which made (or is treated as having made) the scheme.

(3) For the purposes of this Chapter—

(a)a board’s “general schools budget” for a financial year is the amount appropriated by the board for meeting expenditure in the year in respect of all schools required to be covered in the year by any scheme made by the board;

(b)a board’s “aggregated budget” for a financial year under a scheme is the part (determined as mentioned in Article 49) of the board’s general schools budget for the year which is available for allocation to individual schools under the scheme; and

(c)a school’s “budget share” for a financial year under a scheme is the share of the board’s aggregated budget for the year which is to be appropriated for the school under the scheme.

(4) In relation to any scheme any reference in paragraph (3) to an amount is a reference to an amount determined (and from time to time revised) in accordance with the scheme.

(5) In this Chapter references to a school’s budget share for a financial year include—

(a)in a case where Article 51 applies, references to that share as reduced in pursuance of a direction under that Article;

(b)in any case, references to that share as from time to time revised in accordance with the scheme under which it is determined.

(6) The Department may by order subject to affirmative resolution substitute for references in this Chapter to a financial year references to such other period as may be specified in the order.

(7) Directions given under this Chapter by the Department—

(a)shall be given in writing; and

(b)shall, except for directions under Article 48(10), be published by the Department in such manner as it thinks fit.