Section 47.10 - How is the local educational financial plan developed?(a) The following deadlines apply to development of the local educational financial plan: (1) Within 15 days after receiving the tentative allotment, the school supervisor must consult with the local school board on the local educational financial plan.(2) Within 30 days of receiving the tentative allotment, the school board must review the local educational financial plan and, by a quorum vote, ratify, reject, or amend, the plan.(3) Within one week of the school board action under paragraph (a)(2) of this section, the supervisor must either: (i) Send the plan to the education line officer (ELO), along with the official documentation of the school board action; or(ii) Appeal the school board's decision to the ELO.(4) The ELO will review the local educational financial plan for compliance with laws and regulations and may refer the plan to the Solicitor's Office for legal review. If the ELO notes any problem with the plan, he or she must:(i) Notify the local board and local supervisor of the problem within two weeks of receiving the plan;(ii) Make arrangements to assist the local school supervisor and board to correct the problem; and(iii) Refer the problem to the Director of the Office of Indian Education if it cannot be solved locally.(b) When consulting with the school board under paragraph (a)(1) of this section, the school supervisor must:(1) Discuss the present program of the Bureau-operated school and any proposed changes he or she wishes to recommend;(2) Give the school board members every opportunity to express their own ideas and views on the supervisor recommendations; and(3) After the discussions required by paragraphs (b)(1) and (b)(2) of this section, present a draft plan to the school board with recommendations concerning each of the elements.(c) If the school board does not act within the deadline in paragraph (a)(2) of this section, the supervisor must send the plan to the ELO for ratification. The school board may later amend the plan by a quorum vote; the supervisor must transmit this amendment in accordance with paragraph (a)(3) of this section.