45 Maintained schools to have budget shares.E+W
(1)For the purposes of the financing of maintained schools by local education authorities, every such school shall have, for each financial year, a budget share which is allocated to it by the authority which maintains it.
(2)Sections 46 and 47 have effect for determining the amount of a school’s budget share for a financial year.
(3)In this Chapter—
(a)references to schools maintained by a local education authority do not include schools which are not maintained schools as defined by section 20(7);
(b)references, in a context referring to a local education authority, to a maintained school or to a school maintained by such an authority shall be read as including a new school—
(i)which on implementation of proposals under section 28 or 31 or paragraph 5 of Schedule 7 will be a community, foundation or voluntary school or a community or foundation special school maintained by the authority, and
(ii)which has a temporary governing body; and
(c)references to the governing body of a maintained school or of a school maintained by a local education authority shall accordingly be read as including the temporary governing body of a new school falling within paragraph (b).
(4)In this Chapter “new school” (without more) has the meaning given by section 72(3).
Modifications etc. (not altering text)
C1S. 45(3)(4) modified (20.11.1998) by S.I. 1998/2670, reg. 3(4)