The Education (Financial Delegation for Primary Schools) Regulations 1991
Section 39 of the Education Reform Act 1988 requires schemes for financing county and voluntary schools made under Chapter III of Part I of the Act to provide for the delegation by the local education authority concerned to the governing bodies of all secondary schools and primary schools with 200 or more registered pupils maintained by them of the management of each school’s budget share for each financial year. Under section 41 of the Act the Secretary of State is empowered to amend section 39 and to make consequential amendments to other provisions of Chapter III, so as to require schemes to provide for financial delegation to all primary schools.