The F2National Assembly for Wales may pay grants, known as F3education standards grants, to F9local authoritiesF4in Wales in respect of eligible expenditure incurred or to be incurred by them.

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 F9local authorities should be encouraged to incur in the interests of education in F5... Wales.

The regulations may provide for the time and manner of payment of F6any education standards grant.

The regulations may provide for expenditure incurred or to be incurred by any F8local 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 F8local authority) to be treated, in such circumstances as may be specified in the regulations, as eligible expenditure.

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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 F10sections 495 to 497F10section 495 or in Chapter 2 of Part 2 of the School Standards and Organisation (Wales) Act 2013 applies in relation to any function arising by virtue of section 489 so far as it relates to such regulations.