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The School Funding (Wales) Regulations 2010
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15. In cases where an amount in respect of insurance is to be included in the school’s budget share—
(a)where the authority insure, the appropriate proportion of the authority’s planned expenditure on insurance; or,
(b)where the authority do not insure, the appropriate proportion of the amount that the authority would have spent had they insured,
to be determined on a basis decided by the authority which must have regard to the number of registered pupils at the school.
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