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24.—(1) A local education authority may in the circumstances described in paragraph (2) redetermine a school’s budget share for the financial year beginning on 1st April 2002 to take into account changes in that school’s non-domestic rates liability or to correct errors in data supplied by the head teacher or governing body of the school, by reference to which the following were determined—
(a)the school’s budget share within the meaning of the 1996 Act for any financial year beginning on or before 1st April 1998; or
(b)in the case of a school which is not a former grant-maintained or grant-maintained special school, the school’s budget share within the meaning of the 1998 Act for the financial year beginning on 1st April 1999 or the financial year beginning on 1st April 2000.
(2) The circumstances referred to in paragraph (1) are that—
(a)such matters have not already been taken into account in any determination or redetermination of that school’s budget share within the meaning of the 1996 Act or the 1998 Act or its maintenance grant (as a former grant-maintained or grant-maintained special school); and
(b)such redetermination as is proposed could have been made in relation to the preceding financial year in question under the terms of—
(i)the authority’s scheme within the meaning of the 1996 Act in force in that year; or
(ii)in the case of the financial year beginning on 1st April 1999, the 1999 Regulations; or
(iii)in the case of the financial year beginning on 1st April 2000, the 2000 Regulations or the Financing of Maintained Schools (England) (No 2) Regulations 2000.
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