CFR > Title 25 - Indians > CHAPTER I—BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR > SUBCHAPTER E—EDUCATION (parts 30 to 47) > PART 39—THE INDIAN SCHOOL EQUALIZATION PROGRAM > SUBPART E—Contingency Fund (§39.500 to §39.505) > 39.500—What emergency and contingency funds are available?

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.