Common use of GRANTS TO BE PAID BY THE SECRETARY OF STATE Clause in Contracts

GRANTS TO BE PAID BY THE SECRETARY OF STATE. General The Secretary of State shall pay grants towards Recurrent Expenditure and may pay grants towards Capital Expenditure for the Academy. Except with the Secretary of State’s prior agreement, the Academy Trust shall not budget for its expenditure in any Academy Financial Year in excess of expected income (subject to clause 79). The Academy Trust shall not enter into commitments which are likely to have substantial implications for future levels of grant, or for the period for which grant may be required. No decision by the Academy Trust shall commit the Secretary of State to paying any particular amount of grant.

GRANTS TO BE PAID BY THE SECRETARY OF STATE. General The Secretary of State shall pay grants towards Capital and Recurrent Expenditure and may pay grants towards Capital Expenditure for the Academy. Except with the Secretary of State’s prior agreement, the Academy Trust shall not budget for its expenditure in any Academy Financial Year in excess of expected income (subject to clause 79)income. The Academy Trust shall not enter into commitments which are likely to have substantial implications for future levels of grant, or for the period for which grant may be required. No decision by the Academy Trust shall commit the Secretary of State to paying any particular amount of grant.

GRANTS TO BE PAID BY THE SECRETARY OF STATE. General The Secretary of State shall pay grants towards capital and Recurrent Expenditure and may pay grants towards Capital Expenditure for the Academy. Except with the Secretary of State’s prior agreement, the Academy Trust shall not budget for its expenditure in any Academy Financial Year in excess of expected income (subject to clause 79)income. The Academy Trust shall not enter into commitments which are likely to have substantial implications for future levels of grant, or for the period for which grant may be required. No decision by the Academy Trust shall commit the Secretary of State to paying any particular amount of grant.

GRANTS TO BE PAID BY THE SECRETARY OF STATE. General 7. The Secretary of State shall pay grants under this Agreement towards Recurrent Expenditure capital and may pay grants towards Capital Expenditure for the Academyrecurrent expenditure. Except with the Secretary of State’s prior agreement, the Academy Trust shall not budget for its expenditure in any Academy Financial Year year in excess of expected income (subject to clause 79)income. The Academy Trust shall not enter into commitments which are likely to have substantial implications for future levels of grant, or for the period for which grant may be required. No decision by the Academy Trust shall commit the Secretary of State to paying any particular amount of grant.