110(1)Section 37 of that Act (attribution of surpluses and deficits) shall be amended as follows.
(2)In subsection (1), for the words from “section 33” to “higher education)” there is substituted “ section 103 of the Education Act 1996 (schemes for financing schools) ”.
(3)In subsection (7)—
(a)in the definition of ““ Part II of the Education Act 1996 ”; and ”, for “Chapter III of Part I or Chapter III of Part II of the Education Reform Act 1988” there is substituted
(b)in the definition of “financial year”, for “the Education Reform Act 1988” there is substituted “ the Education Act 1996 ”.