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23.—(1) Subject to paragraph (2), the total amount which the Secretary of State may recover from the education authority in respect of a self-governing school for any financial year by virtue of section 28(1) of the Act shall be the amount determined in accordance with these Regulations as the amount of recurrent grant (as from time to time revised) payable in respect of the school for the financial year in question.
(2) The amount which would otherwise fall to be determined in accordance with paragraph (1) as the total amount recoverable from the education authority by virtue of section 28(1) of the Act in respect of the school for any financial year may be reduced by an amount not exceeding the amount of any excess amount recovered from the authority under that section in respect of any previous financial year.
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