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106.—(1) It shall be the duty of every board to prepare a scheme in accordance with this Part and submit it for the approval of the Department in accordance with Article 107.
(2) The scheme shall provide for—
(a)the determination in respect of each financial year of the board, for each institution of further education situated in the area of the board, of the share to be appropriated for that institution in that year of the further and higher education budget of the board for that year (referred to in this Part, in relation to such an institution, as the institution’s budget share); and
(b)the delegation by the board of the management of an institution’s budget share for any year to the governing body of the institution.
(3) The scheme shall also set out the principles and procedures to be applied by the board in planning the educational provision to be made by institutions of further education situated in the area of the board (in this Part referred to as institutions covered by the scheme).
(4) In this Part—
(a)references to an institution in respect of which financial delegation is required for any financial year under a scheme under this Article are references to an institution managed by a governing body to which the board concerned is for the time being required by or under the scheme to delegate the management of the institution’s budget share for that year (and the governing body of such an institution is said to have a right to a delegated budget for the year);
(b)references to an institution which has a delegated budget are references to an institution managed by a governing body to which a board has for the time being delegated the management of the institution’s budget share for any financial year in pursuance of such a scheme.
(5) The Department may by order substitute for references in this Part to a financial year references to such other period as may be specified in the order.
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