PART VIIFINANCING OF SCHOOLS
CHAPTER IFINANCING OF SCHOOLS BY BOARDS
Financing by boards of voluntary grammar and grant-maintained integrated schools
Maintenance and other grants to grant-maintained integrated schoolsI163
1
Subject to the provisions of this Article and Article 64, F2the Authority shall in respect of each financial year make grants (known as maintenance grants) to the Board of Governors of a grant-maintained integrated school situated in its area in respect of expenditure incurred or to be incurred in that year in carrying on the school, other than expenditure of a capital nature.
F12
The amount of the maintenence grant payable in respect of a grant-maintained integrated school for a financial year shall be the sum of—
a
an amount equal to the budget share of the school for that year; and
b
such other amount determined by or in accordance with the common funding scheme as, in accordance with that scheme, falls to be paid by way of maintenence grant.
3
F3The Authority shall make grants to the Boards of Governors of a grant-maintained integrated school situated in its area of amounts equal to the costs of the trustees on foot of an approved contract.
4
Grants under this Article shall be made on such conditions (including conditions as to repayment) as F4the Authority may determine, with the approval of the Department.
5
The times at which, and the manner in which, payments are made in respect of grants under this Article shall be such as F5the Authority may determine with the approval of the Department.
6
Subject to any conditions imposed under paragraph (4), the Board of Governors of a grant-maintained integrated school—
a
shall be entitled to spend any sums received by it by way of maintenance grants as it thinks fit for the purposes of the school; and
b
may delegate to the principal its power under sub-paragraph (a)in relation to any such sums.
7
The members of the Board of Governors of a grant-maintained integrated school shall not incur any personal liability in respect of anything done in good faith in the exercise or purported exercise of their powers under paragraph (6).