Section 49 of the School Standards and Framework Act 1998 (maintained schools to have delegated budgets) is amended as follows.

In subsection (4) for “local schools budget” there is substituted “ LEA budget or schools budget ”.

In subsection (6)(b), for “or paragraph 14(2) of Schedule 6” there is substituted “ , paragraph 14(2) of Schedule 6, paragraph 3(3) of Schedule 7A to the Learning and Skills Act 2000 or paragraph 8 of Schedule 8 to the Education Act 2002 ”.