48 [Local authorities'] financial schemes

[Local authority] schemes

48  [Local authorities'] financial schemes

(1)     Each [local authority] shall [maintain] a scheme dealing with such matters connected with the financing of the schools maintained by the authority [or the exercise by the governing bodies of those schools of the power conferred by section 27 of the Education Act 2002 (power of governing body to provide community facilities etc)] as are required to be dealt with in the scheme by or by virtue of—

(a)     regulations made

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