Sec. 300.704 (b) (1) (ii)

(ii) If the amount that the State sets aside for State administration under paragraph (a) of this section is greater than $850,000 and the State opts not to finance a high cost fund under paragraph (c) of this section—

(A) For fiscal years 2005 and 2006, nine percent of the State’s allocation under §300.703.
(B) For fiscal year 2007 and subsequent fiscal years, an amount equal to nine percent of the State’s allocation for fiscal year 2006 adjusted cumulatively for inflation.
(iii) If the amount that the State sets aside for State administration under paragraph (a) of this section is less than or equal to $850,000 and the State opts to finance a high cost fund under paragraph (c) of this section:
(A) For fiscal years 2005 and 2006, 10.5 percent of the State’s allocation under §300.703.
(B) For fiscal year 2007 and subsequent fiscal years, an amount equal to 10.5 percent of the State’s allocation for fiscal year 2006 under §300.703 adjusted cumulatively for inflation.
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Last modified on May 2, 2017