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The Education (Grant-maintained and Grant-maintained Special Schools) (Finance) Regulations 1997
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- UK Statutory Instruments
- 1997 No. 996
- PART 3
- Regulation 47
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Sums to be deducted from the CFF share: excessive severance payments
47.—(1) This regulation applies in a case where the funding authority are, after consultation with the governing body of a school whose maintenance grant for the financial year in question falls to be determined under this Part, of the opinion that the governing body have, on or after 1st January 1997, made a payment in respect of the dismissal, or for the purpose of securing the resignation, of any member of the staff of the school which is, having regard to all the circumstances of the case, excessive.
(2) Where this regulation applies, the funding authority shall deduct from the amount of the CFF share of the school such part of the payment referred to in paragraph (1) as the funding authority regard as excessive.
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