This document establishes the financial regulatory framework governing grant-maintained schools in the United Kingdom as of 1990. The regulations were drafted by the British government to define the fiscal responsibilities, funding mechanisms, and accounting requirements for schools that opted out of local authority control. It provides the legal basis for the distribution of public funds and the oversight of financial management within this specific educational model.

Legal professionals and policy researchers utilize this text as a primary source for understanding the historical evolution of the grant-maintained school system in Britain. It is a highly technical document intended for administrative and legal reference rather than general readership.