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Code of Federal Regulations Title 25. Indians § 25.39.500 What emergency and contingency funds are available?

Current as of January 02, 2025 | Updated by Findlaw Staff

The Secretary:

(a) Must reserve 1 percent of funds from the allotment formula to meet emergencies and unforeseen contingencies affecting educational programs;

(b) Can carry over to the next fiscal year a maximum of 1 percent the current year funds;  and

(c) May distribute all funds in excess of 1 percent equally to all schools or distribute excess as a part of ISEP.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.39.500 What emergency and contingency funds are available? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-39-500/

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