N.Y. Comp. Codes R. & Regs. tit. 8 § 2302.7

Current through Register Vol. 46, No. 51, December 18, 2024

Section 2302.7 - Use of funds

(a)

(1) Of the funds the State receives under section 401 of the Elementary and Secondary Education Act for the first fiscal year for which such funds are available, the State educational agency will use for administration of the annual program plan not to exceed whichever is greater:

(i) five per centum of the amount so received, excluding any part of such amount used for purposes of section 431(a)(3) of the Elementary and Secondary Education Act or (ii) the amount it received for the fiscal year ending June 30, 1973, for administration of the programs referred to in section 421(b) and 431(b) of the Elementary and Secondary Education Act and the remainder of such funds shall be made available to local educational agencies to be used for the purposes of parts B and C, respectively of title IV of the Elementary and Secondary Education Act, and

(2) of the funds the State receives under section 401 of the Elementary and Secondary Education Act for fiscal years thereafter, it will use for administration of the annual program plan not to exceed whichever is greater:

(i) five per centum of the amount so received, excluding any part of such amount used for purposes of section 431(a)(3) of the Elementary and Secondary Education Act or (ii) $225,000, and the remainder of such funds shall be made available to local educational agencies to be used for purposes of parts B and C, respectively of title IV of the Elementary and Secondary Education Act;

(b) not less than 15 per centum of the amount received pursuant to section 401(b) of the Elementary and Secondary Education Act in any fiscal year (not including any amount used for purposes of section 431(a)(3) of the Elementary and Secondary Education Act shall be used for special programs or projects for the education of children with specific learning disabilities and handicapped children, and

(c) not more than the greater of (1) 15 per centum of the amount which such State receives pursuant to section 401(b) of the Elementary and Secondary Education Act in any fiscal year, or (2) the amount available by appropriation to such State in the fiscal year ending June 30, 1973, for purposes covered by section 431(a)(3) of the Elementary and Secondary Education Act used for purposes of section 431(a)(3) of The Elementary and Secondary Education Act (relating to strengthening State and local education agencies).

N.Y. Comp. Codes R. & Regs. Tit. 8 § 2302.7