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3.—(1) Subject to regulation 8, the amount of maintenance grant payable in respect of a school for the financial year in question shall be the sum of the amounts determined in respect of the school and the year in accordance with regulations 4, 5, 6(1) and (where applicable) 7.
(2) Where in the opinion of the funding authority precise calculation for the purpose of determining any of the amounts referred to in paragraph (1)—
(a)would be impracticable;
(b)would not significantly affect the amount; or
(c)would be disproportionately costly having regard to the complexity of the calculation and the likely effect on the amount,
paragraph (1) shall have effect as if it required the funding authority to determine as the amount of maintenance grant payable for the financial year in question such amount as appears to them to be fair and reasonable having regard in particular to the local education authority’s scheme.
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