Budgetary frameworkE+W

(1)For the purposes of the financing of maintained schools by [F1local authorities], every such school shall have, for each [F2funding period], a budget share which is allocated to it by the authority which maintains it.

[F3(1A)In this Chapter “maintained school” means—

(a)a community, foundation or voluntary school,

(b)a community or foundation special school, F4...

(c)a maintained nursery school [F5, or

(d)a pupil referral unit in England.]]

[F6(1B)In this Chapter “funding period” means a financial year or such other period as may be prescribed.]

(2)Sections [F7 45A to] 47 have effect for determining the amount of a school’s budget share for a [F8funding period].

(3)In this Chapter—

(a)references to schools maintained by a [F9local authority] do not include [F10pupil referral units] [F11in Wales];

[F12(aa)references to the governing body of a maintained school or of a school maintained by a local authority shall be read, in relation to a pupil referral unit in England, as references to the management committee for the unit (in spite of paragraph 1 of Schedule 1 to the Education Act 1996);

(ab)references to governors shall be read, in relation to a pupil referral unit in England, as references to the members of the management committee for the unit;]

(b)references, in a context referring to a [F9local 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 [F13any 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 [F9local 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).