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29.—(1) In Article 113 of the 1986 Order (financial schemes of boards)—
(a)in paragraph (1) the words “under the Education Orders” shall cease to have effect;
(b)after paragraph (2) there shall be inserted the following paragraph—
“(2A) For the purposes of a financial scheme under this Article in relation to any period (“the new period”), any moneys received by a board in a previous period and not spent by it before the beginning of the new period shall be treated as receipts of the board in the new period.”;
(c)in paragraph (3) after the word “expenditure” there shall be inserted the words “in any period” and after the word “approved” shall be inserted the words “in relation to that period”.
(2) In Article 114 of the 1986 Order (grants to boards) after the word “incurred” there shall be inserted the words “or to be incurred”.
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