Statutory Instrument 1994 No. 1195

The Education (Groups of Grant-maintained Schools) (Finance) Regulations 1994

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© Crown Copyright 1994

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1994 No. 1195

EDUCATION, ENGLAND AND WALES

The Education (Groups of Grant-maintained Schools) (Finance) Regulations 1994

In exercise of the powers conferred on the Secretary of State by section 126(2) of the Education Act 1993^[1]the Secretary of State for Education, as respects England, and the Secretary of State for Wales, as respects Wales, hereby make the following Regulations:

Citation and commencement
    1.    These Regulations may be cited as the Education (Groups of Grant-maintained Schools) (Finance) Regulations 1994 and shall come into force on 1st June 1994.

Percentage of maintenance grant to be applied
    2.    The percentage of maintenance grant payable in respect of a school in a group which is required to be applied by the governing body for the purposes of that school shall be 97.5 per cent.

John Patten

Secretary of State for Education

25th April 1994

John Redwood

Secretary of State for Wales

27th April 1994

These Regulations, made under section 126(2) of the Education Act 1993, prescribe 97.5% as the percentage of annual maintenance grant received in respect of a school which the governing body of the group must spend on the school.

[1] 1993 c. 35; for the definition of "prescribed" and of "regulations" see section 305(1) of this Act. Section 126 of this Act has been modified by the Education (Groups including Grant-maintained Special Schools) Regulations 1994 (S.I. 1994/779). back