CFR > Title 34 - Education > SUBTITLE B—Regulations of the Offices of the Department of Education > CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION (parts 600 to 694) > PART 692—LEVERAGING EDUCATIONAL ASSISTANCE PARTNERSHIP PROGRAM > SUBPART C—Grants for Access and Persistence Program (§692.90 to §692.130) > 692.112—May a State use the funds it receives from the GAP Program to pay administrative costs?

692.112—May a State use the funds it receives from the GAP Program to pay administrative costs?

(a) A State that receives an allotment under this subpart may reserve not more than two percent of the funds made available annually for State administrative functions required for administering the partnership and other program activities.
(b) A State must use not less than ninety-eight (98) percent of an allotment under this subpart to make LEAP Grants under GAP.

Code of Federal Regulations

(Authority: 20 U.S.C. 1070c-3a )