Common use of LEA Holdback Clause in Contracts

LEA Holdback. Funding representing a proportion of the LEA Education Budget money which the LEA would be able to retain, from the non-delegated elements of the Schools Block and the relevant items in the LEA Block, if the relevant Academy were a maintained school. The proportion which this funding will represent will be based on the elements of the LEA’s Section 52 Budget Return which are relevant to the relevant Academy; plus

Appears in 4 contracts

Samples: Master Funding Agreement, Master Funding Agreement, Master Funding Agreement

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