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

Made: 7th April 1994

Laid before Parliament: 3rd May 1994

Coming into force: 1st June 1994

In exercise of the powers conferred on the Secretary of State by section 126(2) of the Education Act 1993[^f00001]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.

Signed

John Patten — Secretary of State for Education — 25th April 1994

John Redwood — Secretary of State for Wales — 27th April 1994

Explanatory note

(This note is not part of the Regulations)

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.

Footnotes

[^f00001]: 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).