The Education (Grant-maintained and Grant-maintained Special Schools) (Finance) Regulations 1997

7.—(1) For the purposes of this paragraph, the funding authority shall determine the percentage which the amount determined in accordance with sub-paragraph (2) below is of the amount of that part of the local education authority’s aggregated budget which is for special schools for the financial year in question included, in accordance with regulation 3(a) of, and notes (5) and (8) in Schedule 1 to, the 1995 Regulations, in Part 1 of the authority’s statement prepared under section 122(2) of the 1988 Act for that year (“the statement”).

(2) The funding authority shall determine the amount remaining after the sum of the amount of the local education authority’s aggregated budget referred to in sub-paragraph (1) above and the aggregate of the amounts referred to in paragraph 8 is deducted from the amount of that part of the authority’s general schools budget which is for special schools for the financial year in question included, in accordance with regulation 3(a) of, and notes (5) and (44) in Schedule 1 to, the 1995 Regulations, in the statement.