- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/06/1999)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 02/09/2002
Point in time view as at 01/06/1999. This version of this provision has been superseded.
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School Standards and Framework Act 1998, Section 48 is up to date with all changes known to be in force on or before 15 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)Each local education authority shall prepare a scheme dealing with such matters connected with the financing of the schools maintained by the authority as are required to be dealt with in the scheme by or by virtue of—
(a)regulations made by the Secretary of State; or
(b)any provision of this Part.
(2)Regulations under subsection (1) may, in particular, require a scheme to deal with—
(a)the carrying forward from one financial year to another of surpluses and deficits arising in relation to schools’ budget shares;
(b)amounts which may be charged against schools’ budget shares;
(c)amounts received by schools which may be retained by their governing bodies and the purposes for which such amounts may be used;
(d)the imposition, by or under the scheme, of conditions which must be complied with by schools in relation to the management of their delegated budgets, including conditions prescribing financial controls and procedures;
(e)terms on which services and facilities are provided by the authority for schools maintained by them.
(3)Where there is any inconsistency between a scheme prepared by a local education authority under subsection (1) and any other rules or regulations made by the authority which relate to the funding or financial management of schools which they maintain, the terms of the scheme shall prevail.
(4)Schedule 14 (which provides for the approval or imposition of schemes by the Secretary of State and for the revision of schemes) shall have effect.
(5)In this Part any reference to “the scheme”, in relation to a maintained school, is a reference to the scheme prepared (or by virtue of paragraph 1(6) of Schedule 14 treated as prepared) by the local education authority under this section, as from time to time revised under paragraph 2 of that Schedule.
Modifications etc. (not altering text)
C1S. 48 excluded (10.3.1999) by S.I. 1999/362, reg. 6(5).
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