The Education Act 1996 (Grant-Maintained Schools) (Grants to Governing Bodies in Liquidation) (Modification) Regulations 1999
Section 276 of the 1996 Act provides for the Funding Agency for Schools (“the funding authority”) to make grants to the governing body of a grant-maintained school in liquidation for the purpose of discharging that body’s liabilities and meeting any costs incurred in its winding up. These Regulations provide for the modification of that section so that, with effect from 1st April 1999, it is the Secretary of State rather than the funding authority who will have power to make grants to such a governing body for those purposes.