Sec. 300.704 (b) (1) (iv)

(iv) If the amount that the State sets aside for State administration under paragraph (a) of this section is equal to or less 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 and one-half percent of the State’s allocation under §300.703.
(B) For fiscal year 2007 and subsequent fiscal years, an amount equal to nine and one-half 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