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52.—(1) A scheme shall include provision for requiring, in the case of each controlled or maintained school required to be covered in any financial year by the scheme, the delegation by the board to the Board of Governors of the school of the management of the school’s budget share for that year.
(2) Any provision included in a scheme by virtue of paragraph (1) is referred to in this Chapter as the “delegation requirement” under the scheme.
(3) Where a new controlled or maintained school is established and is required to be covered by a scheme, then if apart from this paragraph the delegation requirement would apply in relation to that school, that requirement shall not apply in relation to the school until such date as may be specified in the scheme in relation to the school.
(4) In the following provisions of this Chapter—
(a)references to a school in respect of which financial delegation is required for a financial year under a scheme are to a controlled or maintained school managed by a Board of Governors to which the board is for the time being required by or under the scheme to delegate the management of the school’s budget share for the year (and the Board of Governors of such a school is said to have a right to a delegated budget for the year); and
(b)references to a school which has a delegated budget are to a controlled or maintained school managed by a Board of Governors to which a board has for the time being delegated the management of the school’s budget share for a financial year in pursuance of a scheme.
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