SCHEDULES

SCHEDULE 16 Funding of maintained schools

Power to provide for budgets to relate to period other than financial year

2 (1) Section 45 of the 1998 Act (maintained schools to have budget shares) is amended as follows.

(2) In subsection (1) for “financial year” substitute “funding period”.

(3) After subsection (1A) insert—

“(1B) In this Chapter “funding period” means a financial year or such other period as may be prescribed.”

(4) In subsection (2)—

(a) for “45A and” substitute “45A to”, and

(b) for “financial year” substitute “funding period”.