Section 39.500 - What emergency and contingency funds are available?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.