Sec. 300.703 (c) (2) (i)

(i) Preceding year allocation. No State’s allocation may be less than its allocation under section 611 of the Act for the preceding fiscal year.

(ii) Minimum. No State’s allocation may be less than the greatest of—
(A) The sum of— (1) The amount the State received under section 611 of the Act for fiscal year 1999; and(2) One third of one percent of the amount by which the amount appropriated under section 611(i) of the Act for the fiscal year exceeds the amount appropriated for section 611 of the Act for fiscal year 1999;
(B) The sum of— (1) The amount the State received under section 611 of the Act for the preceding fiscal year; and(2) That amount multiplied by the percentage by which the increase in the funds appropriated for section 611 of the Act from the preceding fiscal year exceeds 1.5 percent; or
(C) The sum of— (1) The amount the State received under section 611 of the Act for the preceding fiscal year; and(2) That amount multiplied by 90 percent of the percentage increase in the amount appropriated for section 611 of the Act from the preceding fiscal year.
(iii) Maximum. Notwithstanding paragraph (c)(2)(ii) of this section, no State’s allocation under paragraph (a) of this section may exceed the sum of—
(A) The amount the State received under section 611 of the Act for the preceding fiscal year; and
(B) That amount multiplied by the sum of 1.5 percent and the percentage increase in the amount appropriated under section 611 of the Act from the preceding fiscal year.