PART VIIFINANCING OF SCHOOLS

CHAPTER IFINANCING OF SCHOOLS BY BOARDS

Financing by boards of voluntary grammar and grant-maintained integrated schools

Maintenance and other grants to voluntary grammar schools61.

(1)

Subject to the provisions of this Article and Article 62, F1the Authority shall in respect of each financial year make grants (known as maintenance grants) to the Board of Governors of a voluntary grammar school F2... in respect of expenditure incurred or to be incurred in that year in carrying on the school, except—

(a)

expenditure incurred or to be incurred for the provision or alteration of the premises of the school; and

(b)

expenditure incurred or to be incurred for the provision of equipment for the school which is approved expenditure for the purposes of Article 68(1)(b).

F3(2)

The amount of the maintenence grant payable in respect of a voluntary grammar school for a financial year shall be the sum of—

(a)

an amount equal to the budget share of the school for that year; and

(b)

such other amount determined by or in accordance with the common funding scheme as, in accordance with that scheme, falls to be paid by way of maintenence grant.

(3)

F4 The Authority shall make grants to the trustees of a voluntary grammar school F5... of amounts equal to the costs of the trustees on foot of an approved contract.

(4)

Grants under this Article shall be made on such conditions (including conditions as to repayment) as F6the Authority may determine with the approval of the Department.

(5)

The times at which, and the manner in which, payments are made in respect of grants under this Article shall be such as F7the Authority may determine with the approval of the Department.

(6)

Subject to any conditions imposed under paragraph (4), the Board of Governors of a voluntary grammar school—

(a)

shall be entitled to spend any sums received by it by way of maintenance grants as it thinks fit for the purposes of the school; and

(b)

may delegate to the principal its power under sub-paragraph (a)in relation to any such sums.

(7)

The members of the Board of Governors of a voluntary grammar school shall not incur any personal liability in respect of anything done in good faith in the exercise or purported exercise of their powers under paragraph (6).