25 CFR §39.500
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The Secretary:
- (a)Must reserve 1 percent of funds from the allotment formula to meet emergencies and unforeseen contingencies affecting educational programs;
- (b)Can carry over to the next fiscal year a maximum of 1 percent the current year funds; and
- (c)May distribute all funds in excess of 1 percent equally to all schools or distribute excess as a part of ISEP.