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e-CFR data is current as of September 17, 2020

Title 34Subtitle BChapter IIPart 222Subpart L → §222.192


Title 34: Education
PART 222—IMPACT AID PROGRAMS
Subpart L—Impact Aid Discretionary Construction Grant Program Under Section 8007(b) of the Act


§222.192   What local funds may be considered as available for this project?

To determine the amount of local funds that an LEA has available under §222.191(b)(2) for a project under this program, the Secretary will consider as available all LEA funds that may be used for capital expenditures except $100,000 or 10 percent of the average annual capital expenditures of the applicant for the three previous fiscal years, whichever is greater. The Secretary will not consider capital funds that an LEA can demonstrate have been committed through signed contracts or other written binding agreements but have not yet been expended.

(Authority: 20 U.S.C. 7707(b))

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