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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 34 - Education |
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Subtitle B - Regulations of the Offices of the Department of Education |
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Chapter II - Office of Elementary and Secondary Education, Department of Education |
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Part 222 - Impact Aid Programs |
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Subpart L - Impact Aid Discretionary Construction Grant Program Under Section 8007(b) of the Act |
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How Grants Are Made |
§ 222.192 - What local funds may be considered as available for this project?
Latest version.
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§ 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.