PART III TRAVEL GRANTS

5 Amount and payment of travel grant
1 The amount of grant payable by schools pursuant to any of regulations 6 to 9 (“travel grant”) shall be determined in accordance with paragraph (2) and may be paid on account in accordance with paragraph (3).
2 The amount, if any, of travel grant for a school year payable in the case of an assisted pupil shall, subject to regulations 6 to 9, be determined as follows by reference to the school travel expenditure for that year in relation to which it is paid and the relevant income as regards the pupil:
(a) where the relevant income does not exceed £9,585, travel grant shall be of an amount equal to that of the school travel expenditure to which it relates; and
(b) in any other case travel grant shall be of the amount, if any, by which the school travel expenditure to which it relates exceeds an amount (rounded down to the nearest multiple of £3) equal to one-twelfth of that part of the relevant income which exceeds £9,406.
3 A school may, in the course of or immediately before a school year, make payments on account of travel grant which, it appears to them, will be payable for that year; but where payments on account are made, within three months of the final determination of the amount (if any) of the grant, any over-payment or under-payment of grant for the year in question shall be adjusted by payments between the parents and the school.