| Summary: |
A local education authority's individual schools budget is to be divided between the schools which they maintain in the form of budget shares for each school. These Regulations provide the basis on which, for any financial year beginning after 31 March 2005, a local education authority may determine the amount from their individual schools budget to be allocated to each school as its budget share for a financial year.
Subject to transitional provisions in regulation 3, these Regulations revoke on 1 April 2005 the Financing of Maintained Schools Regulations 1999 (to the extent not previously revoked) as amended by the Financing of Maintained Schools (Amendment) (Wales) Regulations 2000; the Financing of Maintained Schools (Amendment) (Wales) Regulations 2001; the Financing of Maintained Schools (Amendment) (Wales) Regulations 2002 and the Financing of Maintained Schools (Amendment) (Wales) Regulations 2003.
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