[Code of Federal Regulations]
[Title 34, Volume 1]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR280.41]

[Page 563]
 
                           TITLE 34--EDUCATION
 
              SECONDARY EDUCATION, DEPARTMENT OF EDUCATION
 
PART 280--MAGNET SCHOOLS ASSISTANCE PROGRAM--Table of Contents
 
          Subpart E--What Conditions Must Be Met by a Grantee?
 
Sec. 280.41  What are the limitations on allowable costs?

    An LEA or consortium of LEAs that receives assistance under this 
part may not--
    (a) Expend for planning more than 50 percent of the funds received 
for the first fiscal year, 15 percent of the funds received for the 
second fiscal year, and 10 percent of the funds received for the third 
fiscal year;
    (b) Use funds for transportation;
    (c) Use funds for any activity that does not augment academic 
improvement; or
    (d) Use funds for planning after the third year.

(Authority: 20 U.S.C. 7209, 7210(b))

[60 FR 14866, Mar. 20, 1995]