§ 39.50 - Definitions.

As used in this subpart, the term:

(a) Apportionment means that part of a school's allotment received each quarter as an authorization to obligate funds.

(b) Approved apportionment schedules means that approval given for the quarterly obligation of funds for a given appropriation of funds for the Bureau.

(c) Authorization to obligate means that approval given to a school to incur obligations of funds against a given appropriation.

(d) Final allotment means that notice of funds available to schools, based on the September student count as computed through the Indian School Equalization Formula (ISEF) based on full distribution of Indian School Equalization Program (ISEP) funds available for the fiscal year.

(e) Initial allotment means that notice of funds available to schools based on the September student count as computed through the Indian School Equalization Formula prior to any adjustments due to fluctuating student counts.

(f) Responsible fiscal agent means the local school supervisor of a Bureau operated school except where such authority is designated to the Agency Superintendent of Education by a school board decision of record or by a written agreement signed by both parties. For contract schools, the responsible fiscal agent shall be designated in an action of record by the contractor.

(g) Tentative allotment means that notice of funds available to schools based on the September student count as computed through the Indian School Equalization Formula based on a proposed appropriation in the President's budget for the next fiscal year.