50 Effect of financial delegation
School Standards and Framework Act 1998 (1998 c 31) | Legislation

50  Effect of financial delegation

(1)     Where a maintained school has a delegated budget in respect of the whole or part of a [funding period] the [local authority] shall secure that in respect of [that period] there is available to be spent by the governing body—

(a)     where the school has a delegated budget in respect of the whole of that [period], a sum equal to the school's budget share for the [period], or

(b)     where the school has a delegated budget in respect of only part of that [period], a sum equal to that portion of the school's budget share for the [period] which has not been spent.

(2)     The times

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