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24.—(1) A local education authority may at any time during funding period 1 or 2 redetermine a school’s budget share for a previous financial year or funding period, or the current funding period, in order to correct an error in a determination or redetermination under these, or previous, Regulations, whether arising from a mistake as to the number of registered pupils at the school or otherwise, provided the error is of a kind not provided for by any specific error correction provision in the authority’s formula.
(2) A local education authority may redetermine a school’s budget share for funding periods 1 and 2 to take into account any changes in that school’s non-domestic rates liability in relation to a current funding period, previous funding period or previous financial year.
(3) Insofar as any redetermination under paragraph (1) would require the amount that would otherwise have been the budget share of a school to be reduced, it may not be reduced to a figure which is lower than that which could have been allocated to that school under the regulations in force during the financial year or funding period in which the error occurred.
25.—(1) The Secretary of State may authorise a local education authority to determine or redetermine budget shares, to such extent as he may specify, in accordance with arrangements approved by him in place of the arrangements provided for by these Regulations.
(2) Subject to paragraphs (3) and (4), a schools forum may authorise a local education authority to determine or redetermine budget shares in accordance with arrangements approved by them in place of the arrangements provided for by these Regulations, where such determination or redetermination relates to—
(a)the operation of regulation 18; or
(b)any change to the formula determined under regulation 9(1) in respect of funding period 2 before the beginning of that funding period.
(3) A schools forum may not authorise or approve any arrangements under paragraph (2)(a) that will affect more than 20 per cent of schools maintained by the authority in the funding period to which the authorisation relates.
(4) A schools forum may not authorise or approve any arrangements under paragraph (2)(a), the effect of which would be either—
(a)to remove the sum notified to the local education authority by the LSC as being the allocation in respect of sixth form funding for secondary schools maintained by the authority from the schools budget, or
(b)to remove sixth form pupils from the calculation of the guaranteed funding level (calculated under Schedule 5).
(5) Where—
(a)a schools forum does not authorise a local education authority’s determination or redetermination of budget shares under paragraph (2), or
(b)a local education authority is not required to establish a schools forum for their area,
any determination or redetermination by the authority may be authorised by the Secretary of State.
(6) Authorisations given and arrangements approved by the Secretary of State under previous regulations must, unless the contrary intention appears in such authorisation or arrangements, continue to apply in relation to funding period 1.
(7) Authorisations given and arrangements approved by the Secretary of State or the schools forum in relation to funding period 1 must, unless the contrary intention appears in such authorisation or arrangements, continue to apply to funding period 2.
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