12 Limits on powers conferred by section 11

12  Limits on powers conferred by section 11

(1)     The governing body of a maintained school may not exercise any power conferred by any of subsections (1) to (4) of section 11 except—

(a)     with the consent of the [local authority], and

(b)     at a time when the school has a delegated budget (within the meaning of Part 2 of the School Standards and Framework Act 1998 (c 31)).

(2)     A governing body—

(a)     may not exercise any of those powers in relation to a company unless the company satisfies any applicable requirements of regulations under subsection (3), and

(b)     may not, by virtue

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