[Code of Federal Regulations]
[Title 25, Volume 1]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 25CFR39.62]

[Page 184]
 
                            TITLE 25--INDIANS
 
     CHAPTER I--BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR
 
PART 39--THE INDIAN SCHOOL EQUALIZATION PROGRAM--Table of Contents
 
               Subpart E--Local Educational Financial Plan
 
Sec. 39.62  Minimum requirements.

    The local financial plan shall include, at a minimum, each of the 
following elements:
    (a) Separate programing of funds for each group of Indian students 
for whom a discrete program of services is to be provided. This must 
include at a minimum each program for which funds are allotted to the 
school through the Indian School Equalization Program;
    (b) A brief description, or outline, of the program of student 
services to be provided for each group identified;
    (c) A budget showing the costs projected for each program, as 
determined by the Director through the development of a uniform cost 
accounting system related to the Indian School Equalization Program;
    (d) A statement of the percentage relationship between the total of 
the anticipated costs for each program and the amount the students 
served by that program will generate under the Indian School 
Equalization Formula. Beginning in FY 1981, there shall also be included 
a statement of the cost incurred for each program in the preceding 
fiscal year and the amount received for each such program as the result 
of the Indian School Equalization Formula. For exceptional child 
programs the plan must provide that at least 80% of the funds generated 
by students served by the program be spent on those students;
    (e) A provision for certification by the chairman of the school 
board that the plan as shown, or as amended, has been ratified in an 
action of record by the school board; or
    (f) Except in the case of contract schools, a provision for 
certification by the Agency Superintendent of Education that he or she 
has approved the plan as shown, or as amended, in an action overturning 
the rejection or amendment of the plan by the school board.

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