Part VIII Grants and other financial matters
Grants
C1C2C3C4484F1Education standards grants.
1
2
In this section “eligible expenditure” means expenditure of any class or description for the time being specified in regulations, being expenditure for or in connection with educational purposes which it appears to the F2National Assembly for Wales that local education authorities should be encouraged to incur in the interests of education in F5... Wales.
3
The regulations shall provide that F6any education standards grant payable in pursuance of the regulations—
a
shall only be payable in respect of eligible expenditure incurred or to be incurred by a local education authority in a financial year to the extent to which that expenditure is approved for that year by the F2National Assembly for Wales for the purposes of the regulations, and
b
shall be payable at such rate as may be specified in the regulations.
4
The regulations may provide for the time and manner of payment of F6any education standards grant.
5
The regulations may provide for expenditure incurred or to be incurred by any local education authority in making payments, whether by way of maintenance, assistance or otherwise, to any body or persons who incur expenditure for or in connection with educational purposes (including another local education authority) to be treated, in such circumstances as may be specified in the regulations, as eligible expenditure.
F76
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Nothing in section 29(1) or 507 applies in relation to any function of the F2National Assembly for Wales under this section or under section 489 so far as it relates to regulations under this section; and nothing in sections 495 to 497 applies in relation to any function arising by virtue of section 489 so far as it relates to such regulations.