GAG definition
Examples of GAG in a sentence
Subject to the provisions of clause 32 charges may be levied for lunches, but the Academy Trust shall otherwise fund the cost of such school lunches from its GAG.
The Secretary of State shall notify the Academy Trust at a date preceding the start of each Academy Financial Year of the GAG and EAG figures in respect of the Academy which, subject to Parliamentary approval, the Secretary of State plans for that Academy Financial Year and of the assumptions and figures on which these are based.
For any academy Financial Year in which GAG for the academy is calculated in accordance with clause 49J, no adjustment will be made to the formula funding element in the following academy Financial Year’s formula funding element of GAG unless the Company demonstrates to the satisfaction of the Secretary of State that there has been a significant impact on balances.
For any other element of GAG the Secretary of State may make adjustments to recognise a variation in pupil numbers from that used to calculate the element of grant in question; the basis of these will be set out in the annual letter of funding.
The Secretary of State shall notify the Company at a date preceding the start of each academy Financial Year of the GAG and EAG figures in respect of each academy which, subject to Parliamentary approval, the Secretary of State plans for that academy Financial Year and of the assumptions and figures on which these are based.