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 B—Special Leveraging Educational Assistance Partnership Program (§692.50 to §692.80) > 692.60—What must a State do to receive an allotment under the SLEAP Program?

692.60—What must a State do to receive an allotment under the SLEAP Program?

To receive an allotment under the SLEAP Program, a State must—
(a) Submit an application in accordance with the provisions in § 692.20 ;
(b) Identify the activities in § 692.71 for which it plans to use the SLEAP Federal and non-Federal funds;
(c) Ensure that the non-Federal funds used as matching funds represent dollars that are in excess of the total dollars that a State spent for need-based grants, scholarships, and work-study assistance for fiscal year 1999, including the State funds reported as part of its LEAP Program;
(d) Provide an assurance that for the fiscal year prior to the fiscal year for which the State is requesting Federal funds, the amount the State expended from non-Federal sources per student, or the aggregate amount the State expended, for all the authorized activities in § 692.71 will be no less than the amount the State expended from non-Federal sources per student, or in the aggregate, for those activities for the second fiscal year prior to the fiscal year for which the State is requesting Federal funds; and
(e) Ensure that the Federal share will not exceed one-third of the total funds expended under the SLEAP Program.

Code of Federal Regulations

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

Code of Federal Regulations

[65 FR 65608, Nov. 1, 2000, as amended at 66 FR 34039, June 26, 2001]