Budgetary frameworkE+W

(1)For the purposes of the financing of maintained schools by local education authorities, every such school shall have, for each [F1financial year] [F1funding period], a budget share which is allocated to it by the authority which maintains it.

[F2(1A)In this Chapter “maintained school” means—

(a)a community, foundation or voluntary school,

(b)a community or foundation special school, or

(c)a maintained nursery school.]

[F3(1B)In this Chapter “funding period” means a financial year or such other period as may be prescribed.]

(2)Sections [F4[F545A] and] [F4 45A to] 47 have effect for determining the amount of a school’s budget share for a [F6financial year] [F6funding period].

(3)In this Chapter—

(a)references to schools maintained by a local education authority do not include [F7pupil referral units];

(b)references, in a context referring to a local education authority, to a maintained school or to a school maintained by such an authority shall be read as including a new school—

(i)which on implementation of proposals under [F8any enactment] will be a community, foundation or voluntary school or a community or foundation special school maintained by the authority, and

(ii)which has a temporary governing body; and

(c)references to the governing body of a maintained school or of a school maintained by a local education authority shall accordingly be read as including the temporary governing body of a new school falling within paragraph (b).

(4)In this Chapter “new school” (without more) has the meaning given by section 72(3).